Former CEO of The Walt Disney Company Bob Iger and entrepreneur Josh Kushner have agreed to acquire the Los Angeles Lakers for a reported sum of $12.5 billion, as reported by ESPN. In a joint statement provided to the media, Iger and Kushner confirmed the purchase. The agreement is subject to approval by the NBA Board of Governors.
Mark Walter, the CEO of TWG Global conglomerate, acquired a majority stake in the Lakers back in 2025. Iger stepped down from his position as CEO of Disney earlier this year after serving in the role from 2005 to 2016 and again from 2022 to 2026.
Kushner, the brother of Jared Kushner (son-in-law of former President Donald Trump), founded Thrive Capital, a venture capital firm based in New York City. Iger rejoined Thrive Capital earlier this year after departing from Disney in March, as per a social media post by Kushner in April.
In their official statement, Iger and Kushner expressed their deep honor at the prospect of overseeing the iconic Los Angeles Lakers franchise as lifelong NBA enthusiasts. They also paid tribute to the legacy of former Lakers owner Jerry Buss and his daughter Jeanie Buss, the current team governor.
Walter, who also holds a controlling interest in the Los Angeles Dodgers and other sports teams, shared his reflections on owning the Lakers, describing it as a significant honor and investment. The Lakers are set to commence their upcoming season on October 21 against the Golden State Warriors, embarking on a new chapter following LeBron James’ recent departure to the Philadelphia 76ers.
Walter emphasized the importance of community, fans, and the city of Los Angeles in his statement, expressing gratitude to the Buss family, players, and staff for their support during his ownership. He affirmed his confidence that the Lakers’ future remains bright under new ownership.
As the Lakers prepare for the upcoming season, the acquisition by Iger and Kushner marks a significant development in the team’s history.
