Charlotte, NC, August 12, 2026 —

The iconic Los Angeles Lakers franchise is reportedly on the verge of a significant ownership change, with reports indicating a potential sale to a group led by former Disney CEO Bob Iger and Thrive Capital founder Josh Kushner. The reported transaction is valued at a staggering $12 billion, which would establish a new record for a sports franchise sale.

The details of the proposed sale emerged through various media reports. While the specific terms and timeline remain subject to confirmation, the involvement of prominent figures like Iger and Kushner suggests a serious development in the Lakers’ ownership landscape.

A critical component of any potential sale of an NBA team is league approval. The National Basketball Association (NBA) has established protocols for ownership transfers, and this reported deal would necessitate a thorough review and approval process by the league. The NBA’s approval is a standard but crucial step in finalizing such high-profile transactions.

Should the sale be completed as reported, the $12 billion valuation would represent a landmark achievement in sports business, surpassing previous records for franchise sales. The Los Angeles Lakers are one of the most storied and valuable franchises in professional sports, with a rich history of championships and a global fanbase.

Further information regarding the specifics of the agreement, the roles of Iger and Kushner in the ongoing management of the team, and the exact timeline for potential NBA approval has not been publicly disclosed at this time. The contractor’s name was not provided. The fine amount was not provided.



Story summarized from the original created by Dorothy Sedovic on www.wbtv.com, see more information here.

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