On August 13, 2026, it was announced that Josh Kushner, founder of Thrive Capital, and Bob Iger, former CEO of Disney, have agreed to purchase a significant stake in the Los Angeles Lakers from longtime owner Mark Walter. The deal, which values the franchise at over $6 billion, has sparked speculation due to Walter's ongoing legal troubles with the Trump administration.
Mark Walter, who has owned the Lakers since 2011, is currently under investigation by the Department of Justice for alleged financial irregularities related to his business dealings. Some observers have suggested that the sale to Kushner—brother of Jared Kushner, who is married to Ivanka Trump—might be influenced by political motives. However, there is no verified evidence to support such claims.
Josh Kushner and Bob Iger have both stated that the acquisition is purely a business decision. In a joint press release, they emphasized their long-term commitment to the Lakers organization and its fans. The NBA has approved the sale, and the transaction is expected to close by the end of the year.
Neither the White House nor the Department of Justice has commented on the sale. Legal experts note that while the timing is notable, it is not unusual for high-profile investors to seek opportunities in major sports franchises. The Lakers have not announced any changes to their management or coaching staff as a result of the ownership change.
