Los Angeles Lakers Set New Record with $12.5 Billion Sale to Kushner and Iger

What's Happening? The Los Angeles Lakers have been sold to Josh Kushner and Bob Iger for $12.5 billion, breaking their own record for the most expensive sale of a U.S. sports franchise. This transaction surpasses the previous $10 billion sale to Mark Walter in 2025. The Lakers' sale is part of a bro

Basketball Zone

SEE ALL

OKC Thunder Wire

Russell Westbrook's ex-teammate believes Thunder should retire jersey, build statue

Celtics Wire

Giannis Antetokounmpo thinks the Miami Heat will beat the Boston Celtics on Christmas

Trendline

Stephen Curry and Warriors Aim for Long-Term Partnership, Says GM

What is the story about?

What's Happening?

The Los Angeles Lakers have been sold to Josh Kushner and Bob Iger for $12.5 billion, breaking their own record for the most expensive sale of a U.S. sports franchise. This transaction surpasses the previous $10 billion sale to Mark Walter in 2025. The Lakers'

sale is part of a broader trend of escalating valuations in professional sports, with the team now holding the highest sale price in U.S. sports history. Kushner and Iger, both lifelong NBA fans, aim to build on the legacy of the Buss family and enhance the team's competitive standing.

Why It's Important?

The record-breaking sale of the Lakers highlights the growing financial stakes in the sports industry, where franchise valuations continue to soar. This trend reflects the increasing profitability and global appeal of major sports teams, driven by media rights, sponsorships, and merchandise sales. The acquisition by Kushner and Iger, both influential figures in business and entertainment, could bring new strategic directions and investments to the Lakers, potentially impacting the team's performance and market presence. The sale also sets a precedent for future transactions in the sports sector.