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Los Angeles Lakers sold to Bob Iger, Josh Kushner for $12 billion
United States⚽ SportsCenter9 days ago

Los Angeles Lakers sold to Bob Iger, Josh Kushner for $12 billion

The Los Angeles Lakers have been sold to an ownership group led by Bob Iger and Josh Kushner for $12.5 billion, confirming reports initially shared by ESPN. The new owners expressed their honor and commitment to maintaining the legacy of the franchise, which includes 17 championships. Previous owner Mark Walter, who acquired the team in 2025 for around $10 billion, praised the Lakers' community and fan base before stepping down. The Lakers recently finished fourth in the Western Conference and lost in the playoffs to the Oklahoma City Thunder. Kushner, known for his ventures including Thrive Capital and the Miami Heat, is the brother of former White House advisor Jared Kushner. Iger, formerly CEO of Disney, also owns a women's soccer team in Los Angeles. Walter faces ongoing investigations related to potential insurance fraud.

Bob Iger and Josh Kushner have agreed to purchase the Los Angeles Lakers for a record $12.5 billion, marking the most expensive sale of a professional sports franchise in history. The deal, which was first reported by ESPN, involves the duo, former Disney CEO Bob Iger and entrepreneur Josh Kushner, who are acquiring the iconic NBA team from current majority owner Mark Walter. The transaction, which took shape in just three days, represents a dramatic shift in the ownership landscape of one of the most storied franchises in American sports. Mark Walter, who became the Lakers’ majority owner in October 2025 after purchasing a controlling stake from the Buss family for approximately $10 billion, will soon relinquish control of the team. The sale is expected to require approval from the NBA’s Board of Governors, a process that could take several weeks. According to sources, the deal was made possible after Iger and Kushner, who had initially pursued an expansion team in Las Vegas, shifted their focus to acquiring the Lakers. They reportedly made an aggressive offer to Walter, who had already held a minority stake in the team since 2021. The Lakers, one of the most successful franchises in NBA history, have won 17 championships, second only to the Boston Celtics. The team’s legacy includes legendary players such as Magic Johnson, Kareem Abdul-Jabbar, and more recently, LeBron James, who spent eight seasons with the franchise before departing in July 2026 to join the Philadelphia 76ers. Under the new ownership, the Lakers will be led by Luka Dončić, the reigning MVP and one of the most dominant players in the league. Josh Kushner, who is the younger brother of former White House advisor Jared Kushner, is a venture capitalist and co-founder of Thrive Capital and Oscar Health. He also holds a minority stake in the Miami Heat. In order to complete the purchase of the Lakers, Kushner will need to sell his share in the Heat, as per ESPN. Bob Iger, who served as CEO of the Walt Disney Company from 2005 to 2020 and again from 2022 to 2026, brings extensive experience in entertainment and media to the table. Alongside his wife, Willow Bay, Iger is the majority owner of Angel City FC, a National Women’s Soccer League team based in Los Angeles. The Lakers’ new ownership group emphasized their deep connection to the sport and their commitment to building upon the legacy established by the Buss family and previous owners. In a joint statement, Iger and Kushner expressed their honor in becoming stewards of the franchise. “As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” they said. “We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.” Mark Walter, in a separate statement, reflected on his tenure as owner of the Lakers. “Owning the Los Angeles Lakers has been one of the great honors of my life, an extraordinary investment, but what I will carry with me is the community, the fans, and a city that treats this team as family,” he said. “I am grateful to Jeanie Buss, the Buss family, the players, and the staff for welcoming me into this chapter. The Lakers belong to Los Angeles, and I have every confidence the best is still ahead.” The sale follows a pattern of rising valuations for NBA teams, with the Lakers’ $12.5 billion price tag surpassing the previous record set when Walter acquired a controlling stake from the Buss family in late 2025. This marks the second major sale of the Lakers within a year, following Walter’s acquisition of the team. The transaction underscores the growing financial power of sports franchises and the increasing influence of private equity and tech-driven entrepreneurs in shaping the future of professional sports.

Go to the primary sources (9)

The official sources this coverage is built on. Read them directly to bypass framing.

10 reports

Associated Press logoAssociated PressIndependentCenterFactual 95Objective 9511 days ago
A blockbuster $12.5B deal as Josh Kushner and Bob Iger agree to buy the Lakers, AP source says

The Associated Press reports that a major $12.5 billion deal has been reached between Josh Kushner and Bob Iger to purchase the Los Angeles Lakers, according to an anonymous AP source. The transaction marks a significant shift in ownership of the NBA team, with Kushner and Iger forming a partnership to acquire the franchise. Details surrounding the deal’s structure and terms remain undisclosed at this time. This acquisition highlights the growing influence of technology and entertainment industry leaders in sports ownership.

Bias read (Center): The article presents the deal as a factual event without overtly favoring either side of the political spectrum. It focuses on the economic and business aspects of the transaction rather than taking a stance on broader political implications. While the involvement of high-profile individuals like I,

Why factuality (95): The article accurately conveys the $12.5 billion sale of the Lakers to Kushner and Iger, citing an anonymous AP source. It aligns with the primary source in terms of key facts and figures, providing a concise summary of the event without adding unverified information.

Why objectivity (95): The article is highly objective, presenting the information in a neutral and factual manner. It avoids any subjective language or framing that might indicate bias, sticking strictly to the reported facts.

Los Angeles Times logoLos Angeles TimesIndependent🔒CenterFactual 95Objective 9311 days ago
Bob Iger, Joshua Kushner to buy Lakers from Mark Walter's ownership group for $12.5 billion

Bob Iger, former CEO of The Walt Disney Company, and Joshua Kushner, co-founder of Thrive Capital, have agreed to purchase the Los Angeles Lakers from current owner Mark Walter's ownership group for $12.5 billion. This acquisition represents one of the most expensive sports team purchases in history. The deal would make Iger and Kushner the new majority owners of the NBA franchise, which has been under Walter's control since 2018. The transaction is expected to bring significant changes to the Lakers' management structure and operations. No details regarding financing or potential changes to the team's roster or strategy have been disclosed at this time.

Bias read (Center): The article reports on a high-profile sports team acquisition without taking a stance on the transaction or its implications. It presents the facts neutrally, focusing on the financial aspects and the identities of the buyers and sellers without any apparent ideological framing or biased language.

Why factuality (95): The article accurately reports the $12.5 billion sale of the Lakers to Kushner and Iger, citing the primary source. It includes direct quotes from the buyers and Walter, aligns with the timeline and details from the ESPN article, and mentions the pending NBA approval. Minor discrepancies include not

Why objectivity (93): The article presents the information neutrally, using standard journalistic language. It avoids overt bias, focusing on facts and direct statements from involved parties. The tone is professional and objective, with minimal editorializing.

Breitbart News logoBreitbart NewsIndependentCenterFactual 95Objective 8511 days ago
Bob Iger, Josh Kushner to Purchase Los Angeles Lakers for $12.5 Billion

Bob Iger, former Disney CEO, and Josh Kushner, brother of Jared Kushner, are set to acquire the Los Angeles Lakers for $12.5 billion, making it the most expensive sports team sale in history. The deal, which requires NBA approval, involves purchasing the team from Mark Walter, who acquired control from the Buss family in 2025 for around $10 billion. Both Iger and Kushner emphasized their deep connection to the NBA and their commitment to building on the Lakers' legacy. Iger mentioned that the deal was negotiated within three days after being approached by Walter. Kushner currently owns a minority stake in the Miami Heat and will need to sell that stake to complete the transaction.

Bias read (Center): The article presents the transaction as a business deal with minimal overt political commentary. While the involvement of figures like Josh Kushner, who is connected to the Trump administration, is noted, the focus remains on the financial and ownership aspects rather than political implications. No

Why factuality (95): The article closely follows the ESPN primary source, accurately reporting the $12.5 billion sale, the involvement of Kushner and Iger, and the background of Mark Walter. Direct quotes from the buyers and Walter are included, aligning with the original report. The timeline and details match the prima

Why objectivity (85): The article maintains a relatively neutral tone, presenting the facts without overt bias. It includes direct statements from all parties involved and avoids taking sides or injecting personal opinion. The framing is straightforward and journalistic.

Quartz logoQuartzIndependentCenterFactual 90Objective 9011 days ago
Bob Iger and Joshua Kushner agreed to buy the Los Angeles Lakers for a record $12.5 billion

Bob Iger and Joshua Kushner have agreed to purchase the Los Angeles Lakers for a record $12.5 billion, surpassing the previous $10 billion valuation set when Mark Walter acquired a controlling stake in the team less than a year ago. The transaction marks a significant shift in ownership of the NBA franchise, highlighting the growing financial stakes in professional sports. The new owners, who include former Disney CEO Bob Iger and entrepreneur Joshua Kushner, are expected to bring substantial resources and strategic direction to the team. This sale reflects broader trends in the valuation of sports teams, driven by increased revenue streams and global fan engagement.

Bias read (Center): The article presents a factual report on a business transaction involving the acquisition of an NBA team. While the topic relates to high-profile individuals and corporate finance, there is no overt ideological framing or emphasis on political agendas. The narrative remains neutral, focusing on the

Why factuality (90): The article accurately summarizes the key points of the sale, noting the $12.5 billion price and that it exceeds the previous $10 billion valuation. It does not include any additional information beyond what is present in the primary source, though it lacks some contextual details found in the ESPN

Why objectivity (90): The article presents the information in a neutral manner, avoiding any subjective language or framing that might suggest favoritism toward either party. It sticks to the core facts without embellishment or interpretation.

Newsweek logoNewsweekIndependentCenterFactual 90Objective 8511 days ago
Bob Iger, Josh Kushner Buy Los Angeles Lakers for NBA-Record Price: Report

In late 2025, Mark Walter acquired a majority stake in the Los Angeles Lakers for a reported $10 billion, becoming the team’s owner alongside his ownership of the Los Angeles Dodgers and Sparks. Less than two months later, the Lakers were reportedly put up for sale again, this time to Josh Kushner and Bob Iger for a higher valuation of $12.5 billion. This would mark the highest purchase price ever for an NBA franchise. The sale was first reported by ESPN journalist Ramona Shelburne, who later corrected the amount. Mark Walter expressed gratitude for his time as owner, emphasizing the connection between the team and its fanbase. Bob Iger, formerly Disney’s CEO, and Kushner, a venture capitalist, are now set to take control of the Lakers.

Bias read (Center): The article reports on a high-profile sports transaction involving private individuals and does not present any overt ideological framing, loaded language, or biased sourcing. It includes quotes from both the seller and potential buyers, providing balanced perspectives without clear slant.

Why factuality (90): The article accurately reports the $12.5 billion sale and provides correct context about Mark Walter's previous purchase. It includes direct quotes from both the buyers and Walter, aligning with the primary source. However, it omits some details about the NBA approval process and the involvement of

Why objectivity (85): The article remains largely neutral, presenting the facts without overt bias. It includes relevant quotes and context, maintaining a balanced approach to the story.

The Washington Times logoThe Washington TimesParty-alignedCenterFactual 90Objective 8511 days ago
A blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers, AP source says

A major sports transaction is underway as businessmen Josh Kushner and Bob Iger are purchasing the Los Angeles Lakers for $12.5 billion, setting a new record for U.S. professional sports. The deal, confirmed through an anonymous AP source, marks the second high-profile sale of an NBA franchise within a year. The Lakers, historically one of the most successful teams in NBA history with 17 championships, were previously valued at $10 billion when Mark Walter acquired a controlling stake in 2025. This latest sale highlights a broader trend of rapidly increasing NBA franchise valuations, with previous records set by the Charlotte Hornets and Boston Celtics. The transaction still requires approval from the NBA’s board of governors, with the next meeting scheduled for next month.

Bias read (Center): The article presents factual information about a sports-related transaction without overt ideological framing. It reports on the financial aspects of the deal, historical context of franchise valuations, and the implications for the NBA without taking a clear partisan stance. The tone remains purely

Why factuality (90): The article accurately reports the $12.5 billion sale and provides context about the previous $10 billion valuation by Mark Walter. It includes relevant historical data about the Lakers' franchise value and mentions the NBA approval process. However, it omits some specific details from the primary s

Why objectivity (85): The article maintains a neutral tone overall, presenting the facts without overt bias. It includes relevant historical context and quotes, contributing to a balanced portrayal of the situation.

NBC News logoNBC NewsIndependentCenterFactual 90Objective 7511 days ago
Los Angeles Lakers sold to Bob Iger, Josh Kushner for $12 billion

The Los Angeles Lakers have been sold to an ownership group led by Bob Iger and Josh Kushner for $12.5 billion, confirming reports initially shared by ESPN. The new owners expressed their honor and commitment to maintaining the legacy of the franchise, which includes 17 championships. Previous owner Mark Walter, who acquired the team in 2025 for around $10 billion, praised the Lakers' community and fan base before stepping down. The Lakers recently finished fourth in the Western Conference and lost in the playoffs to the Oklahoma City Thunder. Kushner, known for his ventures including Thrive Capital and the Miami Heat, is the brother of former White House advisor Jared Kushner. Iger, formerly CEO of Disney, also owns a women's soccer team in Los Angeles. Walter faces ongoing investigations related to potential insurance fraud.

Bias read (Center): The article focuses on a sports-related transaction involving the Los Angeles Lakers, with no explicit political commentary or framing. It provides factual information about the sale, previous ownership, and background on the new owners without taking a stance or showing bias toward any political or

Why factuality (90): The article correctly states the $12.5 billion sale and identifies the buyers. However, it incorrectly refers to the sale as happening 'Wednesday,' while the primary source dates the announcement as August 12, 2026. It omits mention of the federal investigations involving Walter and the specific det

Why objectivity (75): The article leans slightly toward neutrality but includes some framing that emphasizes the historical significance of the Lakers and the transition from LeBron James to Luka Dončić, which could subtly highlight the change in team dynamics. The tone remains mostly factual but lacks the critical persp

The Daily Wire logoThe Daily WireIndependentCenterFactual 85Objective 6511 days ago
Jared Kushner’s Brother Buys LA Lakers

Josh Kushner, brother of President Donald Trump's son-in-law Jared Kushner, has partnered with former Disney CEO Bob Iger to acquire the Los Angeles Lakers for $12.5 billion, setting a new record for the most expensive sale of a professional sports franchise. The deal, reported by ESPN's Ramona Shelburne, marks a significant shift in ownership after Mark Walter, who previously held the team since 2025, decided to sell. Walter, who also owns the Los Angeles Dodgers and other teams, faces federal investigations over alleged loan disclosures. The transaction requires approval from the NBA's Board of Governors and involves considerations related to the league's potential expansion into Las Vegas.

Bias read (Center): While the article mentions Jared Kushner's familial connection to the president, it does not present any overtly partisan framing or commentary. The focus remains on the business aspects of the transaction, including the financial figures, ownership changes, and regulatory requirements. The article,

Why factuality (85): The article accurately reports the $12.5 billion sale of the Lakers to Kushner and Iger, citing ESPN's Ramona Shelburne as the source. It mentions Mark Walter's previous $10 billion purchase and includes direct quotes from the buyers. However, it incorrectly states that Walter 'came under scrutiny l

Why objectivity (65): The article frames the sale through the lens of Kushner's political connections, emphasizing his relation to Jared Kushner and Trump. This introduces a biased perspective that may influence reader perception. While it includes direct quotes and facts, the emphasis on Kushner's familial ties suggests

NBC News logoNBC NewsIndependentCenterFactual 80Objective 7511 days ago
Lakers to be sold to Bob Iger and Josh Kushner for $12 billion

The Los Angeles Lakers, a prominent professional basketball team in the United States, are set to be sold to media mogul Bob Iger and investor Josh Kushner for $12 billion. This acquisition marks a significant shift in ownership for the franchise, which has been a staple of the NBA for decades. The sale could bring substantial changes to the team's management, strategy, and overall direction. Iger, known for his leadership at Disney, and Kushner, a venture capitalist, are expected to invest heavily in the team's operations and global outreach. The transaction highlights the growing trend of major entertainment and technology figures entering the sports industry.

Bias read (Center): The article focuses solely on a sports-related transaction and does not involve any political controversy, policy debate, or election-related content. There is no framing or language that suggests a political bias.

Why factuality (80): The article correctly identifies the $12.5 billion sale and the involvement of Kushner and Iger. However, it omits the exact quote from the primary source regarding the sale being 'record-breaking.' Additionally, it fails to mention the NBA approval process and the involvement of the California Post

Why objectivity (75): The article is generally neutral but contains a minor error in stating the sale price as $12 billion rather than $12.5 billion. It also lacks the detailed context provided in the primary source, which slightly affects its balance and completeness.

The Nation logoThe NationIndependentProgressiveFactual 60Objective 309 days ago
The Bogus Lakers Sale Is Exactly Why We Need Publicly Owned Sports Teams

On August 14, 2026, The Nation published an article criticizing the sale of the Los Angeles Lakers basketball team by Guggenheim Partners CEO Mark Walter to former Disney CEO Bob Iber and venture capitalist Josh Kushner for $12 billion. The piece frames the transaction as part of a broader pattern of corporate greed and political influence, accusing Walter of financial misconduct, including alleged improper loan reporting worth over $16 billion. It suggests that the sale may provide additional benefits to President Trump's administration, which the author views as complicit in enabling elite wealth accumulation at the expense of public interests. The article also references Walter's previous ownership of the Los Angeles Dodgers and his controversial actions, such as bringing the team to the White House despite opposition.

Bias read (Progressive): The article uses strong language to criticize corporate and political elites, particularly those associated with the Trump administration. It frames the Lakers sale as part of a larger system of corruption and exploitation, emphasizing the role of private equity and billionaires in undermining civic

Why factuality (60): The article contains significant inaccuracies, such as misspelling Bob Iger's name as 'Iber.' It also fabricates details about Walter's financial situation and his plans for the Lakers, which are not present in the primary source. The claim that Walter is 'searching for financial support' is specula

Why objectivity (30): The article is highly biased, using strong negative language like 'private equity vampires' and 'strip mining.' It frames the sale as inherently problematic without providing balanced context or opposing viewpoints. The tone is clearly critical and opinionated rather than neutral.

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