# Lakers sale sets record with $12.5bn valuation 2026-08-15T09:40:48+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Joshua Kushner, founder of Thrive Capital, will become the controlling shareholder of the Los Angeles Lakers in a deal valued at $12.5bn, announced on August 12, according to Hindustan Times. Bob Iger, the former Walt Disney chief executive, will join the ownership group. The price is the highest ever paid for an American sports team and is $2.5bn above Mark Walter’s reported purchase price about a year ago. The deal reflects strong investor interest in sports franchises, but also brings concerns about inflated valuations. The Lakers have exceptional local broadcasting revenue and global recognition. The NBA has secured an $76bn, 11-year media-rights agreement, while plans for a 16-team European league could expand its reach. Hindustan Times also cites reports that Walter’s firm is seeking cash amid federal scrutiny of loans linked to his insurance companies. ## Coverage - hindustantimes.com Tags: Bob Iger, Joshua Kushner, Los Angeles Lakers, Mark Walter, NBA, Thrive Capital Canonical: https://indianopinion.org/lakers-sale-sets-record-with-12-5bn-valuation/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/lakers-sale-sets-record-with-12-5bn-valuation/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.