Skip to main content

ESPN reports Joshua Kushner and Bob ⁠Iger to buy Los Angeles Lakers for $12 billion

The Lakers might be about to be purchased for a record-breaking amount
The Lakers might be about to be purchased for a record-breaking amount CARMEN MANDATO / GETTY IMAGES NORTH AMERICA / GETTY IMAGES VIA AFP

Joshua Kushner and Bob ⁠Iger are purchasing the Los Angeles Lakers for more than $12 ‌billion in a record-breaking deal, ESPN ‌reported on Wednesday, citing sources ‌with knowledge of the deal.

Billionaire ‌Mark Walter purchased a majority stake ‌in the NBA team last year in a deal that ‌valued the club at $10 billion, ⁠with ‌the deal only having been approved by ​the board of governors in October.

Reuters was not immediately ​able to reach the Lakers for comment.

The news comes weeks ⁠after Kushner ​became a key figure in a private equity fracas that has engulfed global soccer governing body ‌FIFA, as it announced plans last month to create a subsidiary to run the World Cup.

FIFA had planned to sell minority stakes at an equity valuation of $20 billion to Kushner's Thrive Capital, in a move that ‌sparked widespread outrage and imperiled ​FIFA President Gianni Infantino.

Iger, the ‌former CEO of the Walt Disney Company, previously took a majority stake in NWSL side Angel City FC.

Chances are you’re about to lose.

For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au