business
Bob Iger, Josh Kushner to buy Lakers in historic $12.5 billion deal
Summary by The Detroit Editorial Desk · Byline on the source page: AP via Scripps News Group , WXYZ Channel 7 (ABC Detroit) - News
· August 12, 2026
· 1 min read
Photo: WXYZ Channel 7 (ABC Detroit) - News · view original
Story provenance No corrections
Summary created by The Detroit Editorial Desk — automated, rule-governed Original reporting AP via Scripps News Group, WXYZ Channel 7 (ABC Detroit) - News 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
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Key takeaway The team's new owners will be businessmen Josh Kushner and Bob Iger.
A major sale is underway for the Los Angeles Lakers. The team's new owners will be businessmen Josh Kushner and Bob Iger. The sale price is significant, totaling $12.5 billion. This is a record-breaking amount and the second such sale in a year. Further details about the sale can be found through news outlets, including the terms of the agreement and the process for approval from the NBA's board.
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About this story
As published by WXYZ Channel 7 (ABC Detroit) - News . The Detroit 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 WXYZ Channel 7 (ABC Detroit) - News . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: August 12, 2026 ·
Source: WXYZ Channel 7 (ABC Detroit) - News ·
Reading time: 1 min
Frequently asked about this story
What is this story about? A major sale is underway for the Los Angeles Lakers. The team's new owners will be businessmen Josh Kushner and Bob Iger. The sale price is significant, totaling $12.5 billion. This is a…
When was this published? This article was first published on August 12, 2026 by WXYZ Channel 7 (ABC Detroit) - News and curated for The Detroit readers.
Who reported this story? This story was reported by AP via Scripps News Group at WXYZ Channel 7 (ABC Detroit) - News. To learn more about how The Detroit selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Detroit, or browse our daily briefing and topic hubs .
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