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According to ESPN, the price sets a new record for the acquisition of any sports franchise in North America.
This marks the second time the Lakers have changed ownership in just a year and a half. The previous owner was Mark Walter, who acquired a controlling stake in the club from the Buss family last year.
This development surprised the sports community, especially since Kushner and Iger were initially involved in the league's expansion process, aiming to own a Las Vegas franchise.
However, in a sudden turn of events, they decided to bid for and purchase the Lakers for an astounding $12.5 billion.
As lifelong fans of the NBA, we are honored by the opportunity to become owners of the Los Angeles Lakers, one of the most iconic sports franchises in the world. We have immense respect for the leadership and vision of Jeanie and Jerry Buss. We are committed to building a foundation for long-term success, competing at the highest level for this exceptional team, its fans, and the city of Los Angeles. Kushner and Iger
Kushner is the founder and owner of Thrive Capital, a renowned New York-based capital management and acquisition firm overseeing assets worth over $50 billion.
He is also the co-founder and vice-chairman of the board for Oscar Health, a technology-driven health insurance company.
Iger served as CEO of The Walt Disney Company on two occasions – from 2005 to 2020 and from 2022 to 2026.
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