Kushner, not Iger, set to control Lakers, Gasparino reports

The governor must personally own at least a 15% stake.

Wire Report IntelligenceUpdated Sep 41 min read

What happened: Bob Iger is expected to serve as minority owner and alternate governor while leading day-to-day operations. The consortium agreed last month to buy Mark Walter's 64% stake in a deal valuing the Lakers at $12.5 billion.

Why it matters: Separating daily management from the final vote would create a two-tier leadership structure. Jeanie Buss's effort to block the sale of her family's 17.8% stake leaves the transition timing unresolved.

By the numbers: At the $12.5 billion valuation, Walter's 64% interest is worth $8 billion, the 15% governor threshold equals $1.875 billion and the Buss family's 17.8% stake equals $2.225 billion.

What to watch: The ownership group must finalize its executive roles as the transaction moves toward NBA approval.

Sources

sports.yahoo.com 2026-09-04T17:29:03.983794+00:00

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