Buss family exits Lakers ownership, selling remaining stake to Bob Iger and Josh Kushner

The Los Angeles Lakers are no longer owned by the Buss family after the group sold its remaining shares to Bob Iger and Josh Kushner, a landmark shift in the franchise’s long-running ownership history.

By The Apex Times Newsroom2 min readAI-assisted Apex article

The Lakers’ ownership picture has changed materially. According to Yahoo Sports, the Buss family has sold its remaining stake in the Los Angeles Lakers to Bob Iger and Josh Kushner, ending the family’s ownership of the franchise on paper.

The Buss family has been the public face of Lakers ownership for generations, but the reported transaction means that the group, officially, no longer owns the team. The reporting frames the move as a sale of the family’s remaining shares, rather than a partial change in day-to-day control.

Bob Iger and Josh Kushner are identified by Yahoo Sports as the buyers of the Buss family’s remaining stake. Iger is known in business circles for leadership roles in major media, while Kushner is also widely associated with major investment and real estate ventures. The specific ownership structure under the new arrangement is not detailed in the report.

From a franchise standpoint, changes at the ownership level can ripple into areas that typically fall outside the box score. Those include how the organization sets long-term priorities, how it evaluates basketball and business operations, and how it plans for major staffing decisions. However, no roster, hiring, or budgeting directives were included in the report itself.

For fans, the most immediate impact is symbolic and governance-related. When a family that has been synonymous with an NBA franchise steps away completely, it can mark the end of an era, even if the team’s competitive foundation and operational leadership remain consistent in the short term.

There is also a broader league context. NBA franchises often attract attention when ownership changes hands, because the league’s media and business partnerships, sponsorship strategy, and investment timelines can evolve with new principals. Whether the Iger and Kushner group will pursue continuity or introduce a different operating philosophy will be something to watch over the coming months.

What to monitor next is confirmation from primary sources. Ownership-related updates can show up in NBA league communications, Lakers corporate filings, and team or league statements. Until then, the key verified takeaway remains the reported conclusion that the Buss family no longer owns the Lakers, having sold its remaining stake to Iger and Kushner.

Why It Matters

This is a major governance shift for a franchise closely identified with the Buss family for decades.
New ownership principals can influence long-term business priorities that affect how an organization supports team building.
The Lakers’ ownership transition will likely draw increased scrutiny on how basketball and business leadership coordinate moving forward.
Fans will look for continuity or change in organizational philosophy as the new owners take full effect.

Sources

Key Facts

Yahoo Sports reports that the Buss family sold its remaining stake in the Los Angeles Lakers.
Bob Iger and Josh Kushner are named as the buyers in that report.
The reporting says the Buss family no longer owns the Lakers officially after the sale.
The report frames the transaction as an exit of the Buss family’s remaining shares rather than a limited partial sale.
No basketball operations changes, roster moves, or game-impacting details were included in the Yahoo Sports report.