LA Lakers Sold in Record $12.5 Billion Deal

LA Lakers Sold in Record $12.5 Billion Deal

Updated at: August 15, 2026 at 12:45 AM

The NBA world was stunned on August 12, 2026, by the record-breaking announcement that the Los Angeles Lakers are being sold for a staggering $12.5 billion.

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nounLos Angeles Lakers
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This deal marks the highest valuation ever recorded for a professional sports franchise.

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The buyers, a group led by venture capitalist Josh Kushner and former Disney CEO Bob Iger, are purchasing the team from Mark Walter, who only acquired a controlling interest in October 2025.

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nounMark Walter

By selling the team after just ten months, Walter is set to secure an impressive $2.5 billion profit.

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Despite these significant ownership changes, long-time leader Jeanie Buss is expected to stay on as governor for at least five years, providing essential stability for the team's operations.

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The sale now awaits final approval from the NBA Board of Governors.

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🎉

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Comprehension Questions

What is the total value of the Lakers deal?

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Correct Choice

$12.5 billion

Who is the lead investor alongside Josh Kushner?

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Correct Choice

Bob Iger

How long has Mark Walter held a controlling interest in the Lakers?

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Correct Choice

Approximately 10 months

What role will Jeanie Buss play after the sale?

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Correct Choice

She will remain the team’s governor for at least five years.

Where did the buyers initially plan to start a new franchise?

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Correct Choice

Las Vegas

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