Josh Kushner and Bob Iger Finalize $12.5 Billion Purchase of the Los Angeles Lakers
Josh Kushner and Bob Iger have completed the acquisition of the Los Angeles Lakers for $12.5 billion, the largest sale in sports history. The deal comes after Mark Walter, the previous owner, faced financial difficulties and a federal investigation, prompting a quick sale. This transaction underscores the lucrative potential of major sports franchises.
Reports behind this story
Articles and publisher reports that informed this story.
The Lakers’ Owner Needed Cash. Then Came a $12.5 Billion Offer to Buy the Team.
Facing a federal investigation and a liquidity crunch, Mark Walter needed only 72 hours to accept an out-of-the-blue offer to sell the Lakers to Joshua Kushner and Bob Iger.
How Bob Iger and Joshua Kushner’s Bromance Led Them to Lakers
Bob Iger, the former chief executive of Disney, and Josh Kushner, the venture capitalist, are buying the Los Angeles Lakers. Their wives set them up. From left, the N.B.A.’s commissioner, Adam Silver, joined Joshua Kushner and Bob Iger at the 2025 U.S. Open tennis tournament.
Inside the $12.5 Billion Deal for the Lakers
The transaction, hashed out last weekend, reflects the huge profit potential of major sports franchises. A proposed purchase of the Los Angeles Lakers by Josh Kushner and Bob Iger is a bet on the power of premier sports franchises.
Mark Walter’s Lakers Sale To Josh Kushner Prompts Conspiracy Theories About Trump Influence
The $12.5 billion sale valuation is the largest in sports history.
Josh Kushner and Bob Iger reportedly buying Los Angeles Lakers for $12.5bn
Mark Walter bought team last year for $10bn Iger and Kushner aim to ‘compete at the highest level’ Josh Kushner and Bob Iger are purchasing the Los Angeles Lakers for more than $12.5bn in a record-breaking deal, ESPN reported on Wednesday , citing sources with knowledge of the deal. Billionaire Mark Walter purchased a majority stake of the NBA team last year from the Buss family in a deal that valued the club at $10bn, with the deal only having been approved by the board of governors in October. Continue reading...