The Lakers Sellout: Billionaires Buy Up America's Iconic Team The Los Angeles Lakers, one of the most storied franchises in professional sports, have been sold to an ownership group led by Josh Kushner and former Disney CEO Bob Iger for a staggering $12 billion.
This deal is the latest example of billionaire largesse buying out America's cultural heritage.
In 2025, Jeanie Buss sold the team to Patrick Soon Shiong's private equity firm, and now it seems the team is being gobbled up by another new ownership group with no apparent connection to Los Angeles or interest in preserving its rich history.