Blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers, AP source says

The Los Angeles Lakers are set to be sold for a record $12.5 billion to Josh Kushner and Bob Iger, according to a person familiar with the terms speaking to The Associated Press. ESPN first reported the purchase, and the price would surpass the last Lakers valuation of $10 billion when Mark Walter bought a controlling stake from the Buss family in June 2025. The agreement still requires approval from the NBA’s board of governors, with the next meeting scheduled next month in New York. The deal underscores a broader rise in NBA franchise values, following high-profile sales including the Celtics’ sale last year at just over $6 billion and the Hornets at $3 billion in 2022.