The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for $12.5 billion, a record-breaking valuation for the franchise.
The deal marks one of the most significant ownership transactions in professional sports, with the Lakers long regarded as one of basketball’s premier global brands. The franchise’s history, market size and championship pedigree have made it one of the NBA’s most valuable teams.
Kushner and Iger are set to acquire the team at a price that establishes a new high point for a basketball franchise sale. The transaction underscores the continued rise in franchise valuations across the NBA, particularly for teams with major-market reach and international recognition.
The Lakers have been one of the league’s most visible organizations for decades, with a legacy built around championships, star players and a large worldwide fan base. The reported sale price reflects that stature and places the franchise at the center of another landmark moment in NBA business history.