Lakers sale to Kushner, Iger finalizes major shift

The Los Angeles Lakers sale progresses as the Buss family sells its remaining 17.8% stake to the ownership group led by Bob Iger and Joshua Kushner, part of the $12.5 billion transaction that includes Mark Walter switching control to the Kushner-Iger duo. The sale ends the Buss Family Trust’s 47-year involvement with the franchise and is expected to remove Jeanie Buss from the Lakers governor role under NBA ownership rules requiring a 15% stake. With the Buss stake added, the buyers would hold roughly 83% of the Lakers, following Walter’s prior majority stake sale. NBA Board of Governors approval remains required, and Kushner will need to divest a minority stake in the Miami Heat before final clearance. The development follows mixed reactions within the Buss family and marks a turning point after years of family-led leadership and Lakers’ front-office changes under Walter.