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Buss Family Completes Lakers Stake Sale, Joining Bob Iger and Josh Kushner as New Investors
The Apex Times

THE APEX TIMES

Culture/The Apex Times/Aug 17, 5:08 PM EDT

Buss Family Completes Lakers Stake Sale, Joining Bob Iger and Josh Kushner as New Investors

Jeannie Buss’ family is selling its remaining stake in the Los Angeles Lakers to investors led by Disney executive Bob Iger and Josh Kushner, according to Deadline, as a major ownership transition continues to take shape.

2 min readEditor-approved Apex article

The Buss family has agreed to sell its remaining stake in the Los Angeles Lakers to investors led by former Disney CEO Bob Iger and Josh Kushner, according to a Deadline report published Monday. The deal follows Kushner’s purchase of the NBA franchise last week, a transaction Deadline described as valued at $12.5 billion.

Deadline said Jeannie Buss, who represents the Lakers’ ownership leadership, and her family voted to “tag along” with Iger and Kushner, indicating that the family will no longer hold an ongoing ownership position in the team after the sale is completed. The report frames the move as part of the same ownership change that began with Kushner’s acquisition.

The Lakers ownership transition has been accompanied by high-profile business and entertainment visibility for Iger, who was featured at Disney’s D23 fan event this past weekend, Deadline noted. In the report’s telling, Iger’s appearance at D23 occurred as the investors consolidated control of a major sports asset in Los Angeles.

Deadline did not provide additional deal terms beyond the sale of the Buss family’s remaining stake, nor did it detail how voting control or day-to-day oversight would shift immediately inside the ownership group. As with other major NBA ownership transactions, changes of this scale typically involve league review and approval processes, though Deadline did not cite specific procedural steps or timelines beyond identifying the sequence of purchases.

For fans and the broader Los Angeles community, an ownership change at the Lakers can carry consequences beyond the business side, including implications for long-term staffing decisions, team branding, and the franchise’s approach to community engagement. The report’s emphasis on consolidating stakes suggests the investors intend to streamline ownership under a single group rather than leave legacy ownership in place alongside new partners.

The next step will be the completion of the remaining ownership transfer arrangements described by Deadline, including any approvals required to finalize the Buss family’s exit and formalize the investor structure led by Iger and Kushner. Until those steps are confirmed, the precise timing of any changes to ownership governance remains tied to the closing process.

Why It Matters

  • The completion of a major NBA ownership transition can affect franchise decision-making, including governance and investment priorities once closing is finalized.
  • Consolidating stakes under a single ownership group can change how legacy owners participate in long-term planning and oversight.
  • Given the reported $12.5 billion valuation, ownership changes at the Lakers represent major capital commitments with knock-on effects for associated business partners and local economic interests.
  • Ownership transactions of this magnitude typically require league review and formal closing steps, so the practical impact depends on when approvals and transfers are completed.

Sources

Key Facts

  • Deadline reported that the Buss family sold its remaining stake in the Los Angeles Lakers to investors led by Bob Iger and Josh Kushner.
  • Deadline said Kushner’s purchase of the Lakers occurred last week and was described as valued at $12.5 billion.
  • Deadline reported that Jeannie Buss and the Buss family voted to “tag along” with Iger and Kushner’s purchase.
  • Deadline linked Iger’s D23 appearance the weekend before to the ongoing Lakers ownership consolidation.
  • The Deadline report did not provide further publicly detailed deal terms beyond the remaining-stake sale and the reported sequence of transactions.