business
Lakers sold to Joshua Kushner and Bob Iger for $12.5 billion in record deal
Summary by Frisco News Editorial Desk NBC 5 Dallas-Fort Worth (KXAS) - Top Stories
· August 12, 2026
· 1 min read
Photo: NBC 5 Dallas-Fort Worth (KXAS) - Top Stories · view original
Story provenance No corrections
Summary created by Frisco News Editorial Desk — automated, rule-governed Published by NBC 5 Dallas-Fort Worth (KXAS) - Top Stories Original story Read at the source Source published Aug 12, 2026 Indexed here Aug 12, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
Every story comes with a passport. How we work · Corrections log
Key takeaway The team was purchased for a record amount of $12.
A significant transaction has taken place in the world of professional sports. The Los Angeles Lakers have been sold to new owners. 5 billion.
The buyers are Joshua Kushner and Bob Iger, who are both businessmen. They expressed their respect for the previous leadership of the team and their commitment to competing at a high level. Further details about the sale and the new ownership are available from sources such as NBC News and ESPN, which reported on the agreement and the statement from the new owners.
Why this matters
Local business news drives decisions about where to shop, where to invest, and where to apply for jobs. Frisco News covers openings, closings, expansions, and economic shifts because each one ripples through the community.
About this story
As published by NBC 5 Dallas-Fort Worth (KXAS) - Top Stories . Frisco News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit NBC 5 Dallas-Fort Worth (KXAS) - Top Stories . Have a tip or correction? Contact our newsroom .
Category: business Published: August 12, 2026 Source: NBC 5 Dallas-Fort Worth (KXAS) - Top Stories Reading time: 1 min
Frequently asked about this story
What is this story about? A significant transaction has taken place in the world of professional sports. The Los Angeles Lakers have been sold to new owners. The team was purchased for a record amount of $12.5 billion. The…
When was this published? This article was first published on August 12, 2026 by NBC 5 Dallas-Fort Worth (KXAS) - Top Stories and curated for Frisco News readers.
Who reported this story? This story was reported by NBC 5 Dallas-Fort Worth (KXAS) - Top Stories. To learn more about how Frisco News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Frisco News, or browse our daily briefing and topic hubs .
← Back to all news
More business →
Today’s briefing
Subscribe to newsletter
