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Bob Iger and Josh Kushner Buy Los Angeles Lakers for Record $12.5 Billion
Former Disney CEO Bob Iger and Thrive Capital founder Josh Kushner are acquiring the Los Angeles Lakers at a $12.5 billion valuation, a record price for a U.S. sports franchise, just over a year after the team's previous sale.
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An ownership group led by former Walt Disney CEO Bob Iger and Thrive Capital founder Josh Kushner has agreed to acquire the Los Angeles Lakers at a $12.5 billion valuation, setting a new record price for a United States sports franchise. The deal, confirmed in mid-August, would see Mark Walter, who currently holds the controlling stake, sell his majority equity to the new ownership group.
The sale comes remarkably soon after Walter's own purchase of a controlling stake in the Lakers from the Buss family roughly 14 months earlier at a $10 billion valuation, meaning the franchise's value climbed by $2.5 billion in just over a year. The transaction still requires Thrive Capital's due diligence process and approval from the NBA's Board of Governors before it can be finalized.
The deal reflects the continued surge in valuations across major American sports leagues, driven by lucrative media rights deals and growing investor appetite for franchise ownership as an asset class. If approved, it would mark one of the most closely watched ownership changes in NBA history for a franchise that has won 17 championships and remains one of the league's most valuable and recognizable brands.
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