Los Angeles Lakers Complete $12.5 Billion Sale in Record Time

The Los Angeles Lakers have finalized a record-breaking sale valued at $12.5 billion, a deal that was completed in just one weekend, surprising the NBA community.

Josh Kushner and former Disney CEO Bob Iger are set to acquire the controlling interest in the team from Mark Walter, who had purchased the majority stake only the previous year. If approved by the NBA's board of governors, this transaction will become the most expensive sports team sale ever recorded, yielding Walter a profit of $2.5 billion.

The rapid pace of the agreement has drawn significant attention, especially given the Lakers' valuation of $10 billion in June 2025. The sale surpasses previous records, including the $6.1 billion sale of the Boston Celtics and the $9.6 billion sale of the Seattle Seahawks. As the Lakers navigate a transitional phase, with Luka Doncic now leading the team, the future management under Kushner and Iger remains a topic of interest among fans and analysts alike.