Bob Iger is anticipated to take the extra energetic position in operating the Los Angeles Lakers as soon as the staff’s $12.5 billion sale is accomplished.
Mark Walter agreed to promote his majority stake to Iger and businessman Josh Kushner solely months after taking management of the Lakers at a valuation of round $10 billion.
Iger and Kushner had beforehand thought-about pursuing possession of a possible NBA enlargement staff in Las Vegas earlier than altering path and making an aggressive supply for the Lakers.
The deal nonetheless requires approval from the NBA Board of Governors, with the following assembly scheduled for September.
“As lifelong NBA followers, we’re deeply honored for the chance to turn into stewards of the Los Angeles Lakers, one of the iconic sports activities franchises on the planet,” Iger and Kushner stated.
“We have now immense respect for the management and imaginative and prescient of Jerry and Jeanie Buss. Our long-term dedication is to construct on that basis, compete on the highest stage, and serve this extraordinary staff, its followers, and town of Los Angeles.”
The acquisition can be made via Thrive Everlasting, the everlasting capital holding firm launched by Kushner’s Thrive Capital.
Kushner additionally has earlier NBA possession expertise, together with stakes within the Memphis Grizzlies and Miami Warmth. He must promote his Warmth stake earlier than taking management of the Lakers.
Contained in the Lakers’ staggering $12.5B sale to Josh Kushner, Bob Iger https://t.co/hrY9EI69I0 pic.twitter.com/qCQ1emXdUH
— New York Publish (@nypost) August 12, 2026
