Former Disney CEO Bob Iger and Josh Kushner, the brother of US President Donald Trump’s son-in-law Jared, are purchasing the majority stake in one of the most recognizable sports clubs in the world. LA Lakers Set for Record $12.5bn Sale to Kushner and Iger In a deal that was unanimously authorized by the NBA Board of Governors in October 2025. Walter purchased his stake from the Buss family for an estimated $10 billion (£7.45 billion), setting a previous record. Kushner and Iger said: “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. “We greatly admire the vision and leadership of Jerry and Jeanie Buss. How Mark Walter Became Lakers Owner “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.” In 1979, Jerry Buss purchased the Lakers for $67.5 million (£50 million), which also included the Los Angeles Kings hockey franchise and the Kia Forum, a Los Angeles arena. Before a contract was finalized with Walter, who also holds a part in the LA Dodgers alongside Todd Boehly, ownership was transferred to his six children in a trust upon his death in 2013. Lakers Have 17 NBA Championships “One of the greatest honors of my life has been owning the Los Angeles Lakers,” Walter remarked.The community, the supporters, and a city that views this team as family are what I will take with me, even if it has been an incredible investment. I appreciate being welcomed into this chapter by Jeanie Buss, the Buss family, the players, and the staff. Los Angeles owns the Lakers, and I’m confident that the greatest is still to come.” The LA Lakers have won 17 NBA titles, one fewer than the Boston Celtics’ record of 18. Kushner’s involvement in the recent scandal regarding Fifa head Gianni Infantino and an abandoned plan before the sale. How the Buss Family Owned the Lakers I am appreciative to Jeanie Buss, the Buss family, the players, and the staff for allowing me to be a part of this chapter. Los Angeles owns the Lakers, and I am confident that the greatest is still to come.” With 17 NBA titles, the LA Lakers are one behind the Boston Celtics’ record of 18. Kushner’s involvement in the recent scandal surrounding Fifa head Gianni Infantino and an abandoned attempt to sell private investors shares in the governing body’s competitions before the agreement. It was anticipated that the planned investor group for the Fifa Forward Enterprise (FFE) initiative would be led by Kushner’s American venture capital firm, Thrive Eternal. Luka Doncic Welcomes Lakers Takeover I am appreciative to Jeanie Buss, the Buss family, the players, and the staff for allowing me to be a part of this chapter. Los Angeles owns the Lakers, and I am confident that the greatest is still to come.” With 17 NBA titles, the LA Lakers are one behind the Boston Celtics’ record of 18. Kushner’s involvement in the recent scandal surrounding Fifa head Gianni Infantino and an abandoned attempt to sell private investors shares in the governing body’s competitions before the agreement. It was anticipated that the planned investor group for the Fifa Forward Enterprise (FFE) initiative would be led by Kushner’s American venture capital firm, Thrive Eternal.
BusinessSports

LA Lakers to be sold in record $12.5bn deal

Less than a year after Mark Walter acquired the bulk of the…

Zhu Rongji Was Known for His Direct Style
Economics

Zhu Rongji, who helped turn China into a trading giant, dies at 97

At the age of 97, former Chinese Premier Zhu Rongji passed away.…

Progressive Democrats Gain Ground in US Primaries
PoliticsUnited States

Wisconsin result dents winning streak for Democratic Party’s left wing

It is anticipated that David Crowley would emerge victorious in a primary…

Daniela Largo was rescued alive after spending more than 35 hours under rubble following Colombia's magnitude 7.4 earthquake in Pereira.
MarketingNews

A woman was rescued from the rubble 36 hours after the earthquake in Colombia.

A 32-year-old woman, who had been trapped under rubble for 36 hours…

Trump secret plane swap in Turkey was reportedly linked to an Iranian threat, with the president moved from Air Force One to a military aircraft.
PoliticsUnited States

Trump acknowledges that he changed aircraft following the NATO summit due to a potential threat.

Due to a potential threat, President Donald Trump has acknowledged that he…

Israeli settlers besieging Palestinian families in West Bank village
War

Palestinian families in a West Bank village are under siege by Israeli settlers.

Two Palestinian families in the occupied West Bank have been under siege…

European Athletics Championships Birmingham faces criticism over empty seats, ticket prices and food costs as organisers defend strong overall ticket sales.
Marketing

Ticket prices and vacant seats are criticized by Europeans

On Monday nite, around 10,000 seats at Birmingham's Alexander Stadium for the…

I do wish luck to all of you who are on a similar path as mine. Cancer demands a lot of us, both psychologically and physically. And each of us is free to do it how we see fit. According to the NHS website, a lump or swelling in the breast, chest, or armpit might be a sign of breast cancer in women. Additionally, if you are not pregnant or nursing, symptoms may include nipple discharge that may contain blood, a change in the size or form of one or both breasts, and changes in the skin of your breasts, such as dimpling or redness. Additional symptoms might be a rash on the nipple or a change in its appearance, such curving inward.I do wish luck to all of you who are on a similar path as mine. Cancer demands a lot of us, both psychologically and physically. And each of us is free to do it how we see fit. According to the NHS website, a lump or swelling in the breast, chest, or armpit might be a sign of breast cancer in women. Additionally, if you are not pregnant or nursing, symptoms may include nipple discharge that may contain blood, a change in the size or form of one or both breasts, and changes in the skin of your breasts, such as dimpling or redness. Additional symptoms might be a rash on the nipple or a change in its appearance, such curving inward.
Entertainment

The Office actress Lucy Davis says she has ‘incurable’ cancer

Lucy Davis, who portrayed Dawn Tinsley in the first season of The…

A resident of the Parque Industrial district, which is close to the city's airport, described the shock felt in the region to BBC Mundo a few hours after the earthquake struck Pereira.The city center is unreachable. At least one structure fell in Bolívar Square, the city's principal square. Additionally, there are buildings where trucks and busses are stuck, and many are worried that those buildings may also collapse," he stated.We're all in disbelief. It was truly terrible. Five individuals have died in Manizales, according to Mayor Jorge Eduardo Rojas. In Manizales, sixty structures had either completely or partially fallen. Rojas advised people not to spread chain messages, warning of further earthquakes.
News

Rescuers scramble for survivors with 180 dead in Colombia earthquake

After Monday's strong earthquake, rescuers in Colombia are racing against the clock…

What is causing the extreme summer heat?
Marketing

Summer 2026 on course to be UK’s hottest on record, says Met Office

The Met Office predicts that this summer will be the warmest in…

Register Lost your password?