Tag: LA Lakers sale

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.
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LA Lakers to be sold in record $12.5bn deal

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

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