Bob Iger Joins Lakers Ownership Group Amidst Sports Investment History

Bob Iger, the former CEO of The Walt Disney Company, is joining a group with Joshua Kushner to potentially purchase the Los Angeles Lakers, valued at approximately $12.5 billion. Iger, 75, has a long history of significant deal-making in Hollywood, having overseen major acquisitions such as Pixar, Marvel, and Lucasfilm during his tenure at Disney.

In addition to his entertainment ventures, Iger has been involved in sports rights decisions at ESPN, covering leagues like the NFL, NBA, and MLB. He has expressed his allegiance to the Los Angeles Clippers, having previously been a New York Knicks fan.

This is not Iger's first foray into professional sports; he and his wife recently acquired a controlling stake in Angel City FC for $100 million, marking a record valuation for a women's professional sports team. Iger's involvement with the Lakers will leverage his extensive experience in both entertainment and sports.