Former Disney CEO Bob Iger has acquired the Los Angeles Lakers alongside Josh Kushner for a staggering $12.5 billion, marking one of the most significant sports transactions in history. This acquisition represents a substantial increase from the team’s previous sale price of $10 billion in October 2025, demonstrating strong investor confidence in the franchise’s future potential. The deal requires NBA board approval before finalizing, with expectations that this process will take several weeks to complete. Notably, LeBron James is not returning to the Lakers for the upcoming season after joining the Philadelphia 76ers, a move that should significantly reduce ownership costs for Iger and Kushner. This purchase follows Iger’s earlier acquisition of Angel City FC in 2024, where he demonstrated his expanding interest in professional sports beyond entertainment. The transaction highlights Disney’s continued diversification strategy under Iger’s leadership before his retirement package was finalized.
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Bob Iger Acquires Los Angeles Lakers for 12.5 Billion Dollars in Major Sports Deal
