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16h ago

Kushner Poised to Be Lakers’ Controlling Owner as Iger Takes Operational Role

The reported $12.5 billion Walter sale now looks set to place Josh Kushner as the team’s governor while Bob Iger handles day-to-day management and the deal waits NBA approval and court outcomes.

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An image collage containing 3 images, Image 1 shows Bob Iger and Maverick Carter sitting courtside at a basketball game, Image 2 shows NBA Commissioner Adam Silver speaking to the media at the NBA Cup, Image 3 shows Luka Doncic of the Los Angeles Lakers dribbles the ball downcourt while being guarded by Ziaire Williams of the Brooklyn Nets
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Overview

  • Reports say Mark Walter agreed to sell his majority stake in the Lakers in a deal valuing the franchise at about $12.5 billion and that Josh Kushner is expected to be the team’s controlling owner.
  • Under NBA rules the controlling governor must personally hold roughly 15% of the team so Kushner would need to provide about $1.875 billion to meet that requirement.
  • Bob Iger is reported to be a minority owner and the public face responsible for daily management, but he would not be the final decision-maker if Kushner is approved as governor.
  • Five of six Buss siblings voted to sell the family’s 17.8% trust stake to the incoming buyers while Jeanie Buss has filed suit to block that transfer, a legal fight that could determine who qualifies as the Lakers’ governor.
  • The ownership uncertainty has paused major front-office hiring and deepened questions about the franchise’s direction after Mark Walter’s Dodgers-style, analytics push changed internal culture.