Uploaded August 2026 | Updated September 2026, 2 weeks ago

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Josh Kushner and Bob Iger are buying the Los Angeles Lakers basketball team for a record-breaking price of $12.5 billion, according to people familiar with the matter. #lakers #basketball #sports #news #losangeles

The deal represents a longtime dream of Iger, who has overseen billion-dollar NBA rights contracts for Disney’s ESPN division, but not owned a professional basketball team.

The Lakers’ sale price is the highest ever for a professional sports franchise, exceeding the $9.6 billion paid for the National Football League’s Seattle Seahawks in July.

Read more: bloomberg.com/news/articles/2026-08-12/josh-kushner-bob-iger-buy-la-lakers-for-more-than-12-billion

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