Former Disney Chief Bob Iger to Co-Own Lakers in $12 Billion Deal

Former Disney CEO Bob Iger and businessman Josh Kushner are buying the Los Angeles Lakers for more than $12 billion, according to ESPN.

Bob Iger at Walt Disney World

The sale represents a record-breaking price for an NBA franchise. Multiple sources told ESPN that Kushner and Iger will purchase the team from Mark Walter, who acquired controlling interest in the Lakers from the Buss family last year.

Iger stepped down as Disney CEO earlier this year when Josh D'Amaro officially took over the role at Disney's Annual Shareholder Meeting.

Kushner and Iger were previously involved in the NBA's expansion process for a potential Las Vegas franchise, according to ESPN.

In what the outlet described as a stunning turn, the businessmen pivoted to make an aggressive offer to purchase the Lakers instead of pursuing the expansion team.

Iger's Post-Disney Business Move

The Lakers purchase marks a significant business move for Iger following his departure as Disney CEO.

Iger led Disney for nearly two decades across two separate terms, most recently returning as CEO in 2022 before handing the role to D'Amaro on March 18. He continues as Senior Advisor and Disney Board member until his retirement on December 31, 2026.

Bob Iger at Walt Disney World

The $12 billion price tag would represent the highest sale price for an NBA franchise, surpassing previous records set by other recent team sales.

The Lakers are one of the NBA's most valuable and storied franchises, with a history that includes numerous championships and star players throughout the team's history in Los Angeles.

ESPN's report indicates the deal involves multiple sources familiar with the transaction, though full financial and structural details of the purchase have not been disclosed publicly.

For the complete story and ESPN's full reporting, visit ESPN's original article: ESPN: Josh Kushner, Bob Iger to buy Lakers for $12B