Bob Iger and Joshua Kushner Purchase Lakers for $12.5 Billion

Bob Iger, a former Disney CEO, and venture capitalist Joshua Kushner have agreed to acquire the Los Angeles Lakers in a deal valued at $12.5 billion. This transaction involves purchasing the stake from Mark Walter’s ownership group. Walter had acquired the Lakers less than a year ago for $10 billion, marking the second change of ownership in as many years for the iconic NBA franchise.

The New Owners

Joshua Kushner, known for his venture capital firm Thrive Capital, and Bob Iger, a lifelong sports fan, expressed excitement about the acquisition. They stated a deep respect for the Buss family’s legacy and expressed their commitment to continue competing at the highest level.

Previous Ownership and Recent Developments

The Lakers were controlled by the Buss family for over four decades until Mark Walter bought them from Jeanie Buss and her siblings. While Walter successfully purchased the team, he is currently under investigation for financial matters unrelated to the Lakers or Dodgers.

Magic Johnson, who remains a minority owner and long-time supporter of the Lakers, welcomed the new ownership, praising Iger’s passion for basketball and commitment to the team.

Jeanie Buss’s Role

Despite the change in ownership, Jeanie Buss will maintain her role as the team’s governor for at least five more years, ensuring continuity in the Lakers’ leadership.

Luka Doncic’s Reaction

Star player Luka Doncic looks forward to continuing his role with the team. He expressed enthusiasm about building a successful future under the new ownership.

The transaction highlights the Laker’s prestige and lucrative potential as a leading sports franchise. It also reaffirms Iger’s longstanding ambition to own a major sports team, following his prior investment in Angel City FC.