Iger and Kushner Purchase Lakers

Bob Iger, renowned Disney chief executive, and Joshua Kushner, venture capitalist and brother of Jared Kushner, have agreed to acquire the Los Angeles Lakers for $12.5 billion. This acquisition marks a major milestone for Iger, fulfilling his ambition to own a major sports franchise.

Sale Follows Recent Acquisition

Mark Walter bought the Lakers less than a year ago for $10 billion. His decision to sell comes amid a federal investigation into his financial dealings involving related-party transactions. However, it has been confirmed that Walter does not plan to sell the Dodgers, which he also owns.

NBA Legends React

Magic Johnson supports the new ownership, praising Iger’s love for basketball and his deep ties to Los Angeles. He expressed confidence in Iger and Kushner’s ability to bring new energy and resources to the team.

Jeanie Buss Remains Involved

Despite the sale, Jeanie Buss will continue her role as the Lakers’ governor for at least five years. Her continued involvement ensures the Buss family’s legacy remains tied to the franchise.

Luka Doncic Awaits Ownership Transition

Luka Doncic, a Lakers star, voiced enthusiasm for the ownership change, stating his commitment to bringing a championship back to Los Angeles. He looks forward to collaborating with Iger and Kushner to build on the team’s storied history.

Joshua Kushner’s Background

Aside from the Lakers, Kushner has invested in other sports franchises. His firm, Thrive Capital, focuses on acquiring iconic brands, with previous stakes in the Miami Heat and Memphis Grizzlies.

New Era for Angel City FC

Iger’s involvement in sports extends beyond the Lakers. Alongside his wife, Willow Bay, Iger has invested $50 million as controlling owners in the Angel City Football Club, signaling a stronger commitment to women’s soccer.