Josh Kushner, Bob Iger to buy Los Angeles Lakers for record US$12.5 billion

American businessman Josh Kushner and former Disney executive Bob Iger are purchasing the Los Angeles Lakers for a record-breaking price of US$12.5 billion, ESPN reported on Wednesday (Aug 12).Per the network, the duo purchased controlling interest from Mark Walter, who bought a controlling interest in the team from the Buss family for US$10 billion in October 2025. The NBA Board of Governors unanimously approved the sale of the majority interest to Walter on Oct 30."As lifelong NBA fans, we are deeply honoured for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world. We have immense respect for the leadership and vision of Jerry and Jeanie Buss," Kushner and Iger said in a statement. "Our long-term commitment is to build on th