Whoa, the Lakers just got flipped again. Mark Walter is selling the franchise to Bob Iger and Josh Kushner in a $12.5 billion deal.]
Walter bought the team only 14 months ago for $10 billion. Now he's cashing out at a record valuation, the richest sale ever for a North American sports team. Iger, the former Disney CEO, teams up with Kushner, who already owns a minority stake in the Miami Heat and is Jared Kushner's younger brother.
This all broke on August 12 right in the heart of the offseason. The purple and gold change hands for the second time in under two years, with the Iger-Kushner group taking control of one of the league's flagship franchises.
From Crypto.com Arena to every hoops bar in the country, this $12.5 billion move has the whole NBA talking. Walter's quick turnaround shows just how fast these team values are climbing these days.
The new owners step into a storied operation packed with championships and that unmatched Hollywood glare. Laker fans are locked in on what comes next for the squad as the 2026-27 season gets closer.