Los Angeles Lakers: A Record-Breaking Sale with Donald Trump Looming in the Background

The Los Angeles Lakers are changing ownership for the second time in just 14 months, and they’re doing so with a record-breaking deal. A consortium led by Joshua Kushner, brother of Jared Kushner (son-in-law of U.S. President Donald Trump), and Bob Iger, former CEO of Disney and now an advisor to Thrive Capital, has reached an agreement to take control of the historic NBA franchise for $12.5 billion. This is the highest amount ever paid for a team in sports history.

The Lakers, second on the list of the NBA’s most successful franchises with 17 championships, trailing only the Boston Celtics (18), boast a history enriched by legends such as Kobe Bryant and Magic Johnson. This latest change in ownership comes just over a year after Mark Walter purchased the club; in 2025, he had acquired the team from the Buss family based on a record valuation of $10 billion. The Buss family itself had purchased the Lakers in 1979 for $67.5 million.

“As longtime NBA fans, we are deeply honored to have the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” Kushner and Iger said. “We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.”

However, Joshua Kushner’s presence in the consortium has fueled debate and controversy. His name inevitably brings to mind that of his brother Jared, who is actively involved in the Trump administration. This has led to fears among those who see a possible connection to the U.S. president in the deal. Joshua Kushner, however, has repeatedly distanced himself from his brother’s political views and activities. The consortium formed with Iger was initially interested in the NBA’s expansion project in Las Vegas, but suddenly changed its strategy, submitting an aggressive bid to purchase the Lakers from Mark Walter.