The Los Angeles Lakers could soon change hands again in a deal that underscores the soaring value of California's most iconic sports brands.
A group led by businessman Joshua Kushner and former Disney CEO Robert Iger has agreed to purchase the Lakers from owner Mark Walter in a transaction valued at $12 billion, according to statements released by the parties involved. If approved, the sale would set a new record for a North American sports franchise, eclipsing the $10 billion valuation attached to Walter's purchase of the team last year.
"As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world," Kushner and Iger said in a joint statement.
The buyers behind the record-setting Lakers deal come from two very different corners of the business world.
Joshua Kushner is a billionaire entrepreneur and venture capitalist best known as the founder of Thrive Capital, a New York-based investment firm that has backed some of the technology industry's biggest companies. Through Thrive and other investments, Kushner has built a reputation as one of the nation's most influential tech investors. He is also part of the Kushner family, a prominent name in real estate and business. Kushner is also the brother of Jared Kushner, who served as a senior adviser in President Donald Trump's first administration and is married to Trump's daughter. His father, real estate developer Charles Kushner, has served as U.S. ambassador to France since 2025.
#Lakers #sports #joshua #purchase
A group led by businessman Joshua Kushner and former Disney CEO Robert Iger has agreed to purchase the Lakers from owner Mark Walter in a transaction valued at $12 billion, according to statements released by the parties involved. If approved, the sale would set a new record for a North American sports franchise, eclipsing the $10 billion valuation attached to Walter's purchase of the team last year.
"As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world," Kushner and Iger said in a joint statement.
The buyers behind the record-setting Lakers deal come from two very different corners of the business world.
Joshua Kushner is a billionaire entrepreneur and venture capitalist best known as the founder of Thrive Capital, a New York-based investment firm that has backed some of the technology industry's biggest companies. Through Thrive and other investments, Kushner has built a reputation as one of the nation's most influential tech investors. He is also part of the Kushner family, a prominent name in real estate and business. Kushner is also the brother of Jared Kushner, who served as a senior adviser in President Donald Trump's first administration and is married to Trump's daughter. His father, real estate developer Charles Kushner, has served as U.S. ambassador to France since 2025.
#Lakers #sports #joshua #purchase
3 months ago
