Media coverage suggesting that Bob Iger will take a significant ownership role in the Los Angeles Lakers has been clarified. Reports from major outlets, including the New York Times and the Wall Street Journal, previously indicated that Iger, alongside Josh Kushner, would be buying the iconic NBA franchise.
Sources now confirm that Kushner, the 41-year-old brother of Jared Kushner, will be the sole controlling shareholder of the Lakers, as he is required to personally own at least 15% of the franchise. This translates to an investment of at least $1.875 billion from Kushner to secure the deal. The specifics of Iger’s role remain uncertain, with many speculating about his potential investment amid concerns about the performance of Disney shares, where much of Iger’s wealth is tied.
While Iger is expected to have a significant presence within the Lakers’ management structure, serving potentially as a general manager or in a similar capacity, he will not be designated as the team’s final decision-maker, commonly referred to as the “governor.” This position will belong to Kushner, as confirmed by multiple sources. Iger is anticipated to participate as a minority owner and an alternate governor.
Despite Iger’s extensive experience in the entertainment industry and his past dealings involving the NBA’s media rights, potential concerns surround how the NBA will view Iger’s influence, given the league’s stipulations on ownership roles. The Lakers’ current owner, Mark Walter, faces financial challenges, prompting the sale just over a year after acquiring the team, and the league is reportedly eager to finalize the transition.
Why this story matters: Clarifies the actual ownership dynamics behind a high-profile NBA franchise sale.
Key takeaway: Josh Kushner will be the primary owner of the Lakers, with Bob Iger in a supportive, non-controlling role.
Opposing viewpoint: Some industry executives question the fairness and transparency of Iger’s potential influence in the Lakers’ operations.
