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Aug 12, 2026
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Lakers Sold for $12.5B

OBBM Network Editorial Staff
August 12, 2026
Lakers Sold For 12 5B

The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price of $12.5 billion, according to a person familiar with the terms.

Record-Breaking Sale

This sale agreement is the second such sale in a year and continues a trend of NBA franchise values skyrocketing. The $12.5 billion price tag is not only record-setting for U.S. pro sports but also surpasses the previous record of $6 billion set by the Boston Celtics last year.

The sale still needs approval from the NBA’s board of governors, and that process can take several weeks. The next board meeting is set for next month in New York.

Original reporting: Alexandria, VA News – WTOP News — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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