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The Los Angeles Lakers are reportedly being sold to American businessmen Josh Kushner and Bob Iger for a record-breaking $12.5 billion valuation!

In this video, we break down the shocking news, the official statements, Mark Walter’s reaction, and what this massive deal means for the future of the Lakers in the NBA.

📌 Key Highlights in This Video:
- Josh Kushner & Bob Iger buy LA Lakers for $12.5B
- Mark Walter’s statement on the transaction
- Breakdown of the federal investigation surrounding TWG Global
- What happens to the Los Angeles Dodgers?

#Lakers #NBA #BobIger #JoshKushner #MarkWalter #NBANews #LakersNation #Basketball

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Sports
Transcript
00:00Josh Kushner, Bob Iger to buy Lakers for $12.5 billion.
00:05The Los Angeles Lakers are being sold to American businessmen Josh Kushner and Bob Iger for $12.5
00:11billion, a record-breaking price, multiple sources told ESPN. The businessmen were involved in the
00:18expansion process in Las Vegas, but in a stunning turn, they pivoted to make an aggressive offer to
00:24buy the Lakers from Mark Walter, who had purchased a controlling interest in the team from the Buss
00:29family last year for a then-record franchise valuation of approximately $10 billion.
00:34As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los
00:41Angeles Lakers, one of the most iconic sports franchises in the world. We have immense respect
00:47for the leadership and vision of Jerry and Jeannie Buss, Kushner and Iger said in a statement.
00:52Our long-term commitment is to build on that foundation, compete at the highest level,
00:57and serve this extraordinary team, its fans, and the city of Los Angeles.
01:03Walter, the CEO and chairman of diversified holding company TWG Global, has been the Lakers'
01:10majority owner since last October, when his bid was unanimously approved by the NBA.
01:15Owning the Los Angeles Lakers has been one of the great honors of my life, an extraordinary
01:20investment. But what I will carry with me is the community, the fans, and a city that treats
01:26this team as family. I am grateful to Jeannie Buss, the Buss family, the players, and the
01:33staff for welcoming me into this chapter. The Lakers belong to Los Angeles, and I have
01:38every confidence the best is still ahead, Walter said in a statement. Walter and TWG Global have
01:45interests in multiple professional sports organizations, including the Los Angeles Dodgers, Los Angeles
01:51Sparks, Premier League Club Chelsea, and the Professional Women's Hockey League. And through
01:56TWG Motorsports, Walter owns several auto racing teams, including Cadillac Formula One.
02:03Walter, 66, is only selling the Dodgers in this transaction, sources told ESPN. Walter, who built
02:12his financial empire in the insurance industry, is under federal investigation for alleged tax
02:17fraud by other companies tied to the billionaire. Bloomberg reported in July that U.S. prosecutors
02:23in Manhattan are examining Weather Delaware Life Insurance Company and Clear Spring Life
02:28and Annuity Company, two insurers controlled by Walter, failed to disclose that their private
02:33credit holdings backed other Walter-controlled ventures. The Securities and Exchange Commission
02:38is running a parallel investigation, according to the Bloomberg report.
02:43Kushner, 41, founded and runs venture capital firm Thrive Capital and is the co-founder and
02:50vice chairman of Oscar Health. Iger, 75, was succeeded this year as Disney's CEO by Josh
02:57Damro, ending his second term in the role. In 2024, along with Willow Bay, he became the controlling
03:04owner of NWSL team, AngelCity FC.
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