By The Daily Caller (U.S.) | Created at 2026-08-12 16:11:36 | Updated at 2026-08-12 18:48:51
4 hours ago
A major ownership shakeup is reportedly underway, as Josh Kushner — the younger brother of Donald Trump’s son-in-law Jared Kushner — and former Disney CEO Bob Iger prepare to purchase the Los Angeles Lakers.
ESPN reported August 12 that Kushner and Iger will invest a record-breaking $12 billion to seal the deal.
“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 in a joint statement, according to ESPN. (RELATED: Ivanka And Jared’s Sketchy Albania Private Island Deal Sparking Mass Protests)
More about the Los Angeles Lakers being sold to American businessmen Josh Kushner and Bob Iger for over $12 billion, a record-breaking price, via @ramonashelburne:https://t.co/n9rzHl6fm5
— Adam Schefter (@AdamSchefter) August 12, 2026Their statement about the acquisition continued, “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.”
The Los Angeles Lakers are being sold to former Disney CEO Bob Iger and businessman Josh Kushner for $12 billion, per @espn.
It's the most-expensive sale of a U.S. sports team in history. pic.twitter.com/NIV1rHSuGU
Mark Walter, CEO and chairman of TWG Global, has been the majority owner of the legendary sports team since October 2025.
“Owning the Los Angeles Lakers has been one of the great honors of my life,” Walter said in a statement, according to ESPN. (RELATED: LeBron James Plans To Leave Lakers, Agent Says)
Walter nodded to the team by saying, “The Lakers belong to Los Angeles, and I have every confidence the best is still ahead.”
