Bob Iger, the former Disney chief executive, and Joshua Kushner, a prominent venture capitalist, have closed a deal to acquire majority ownership of the Los Angeles Lakers. The transaction, announced Tuesday, combines Iger’s media empire experience with Kushner’s tech investment acumen, signaling a new era for the franchise.

The unlikely partnership began when Iger’s wife, Mindy Iger, and Kushner’s wife, Rachel Kushner, discovered a mutual passion for basketball during a social gathering. Their informal introductions sparked a friendship that evolved into a professional alliance, ultimately culminating in the Lakers purchase. Industry insiders credit the wives for orchestrating the initial connection that paved the way for the joint venture.

Although the exact purchase price has not been disclosed, sources close to the deal estimate the valuation at several hundred million dollars, positioning the Lakers among the most valuable NBA assets. The new ownership duo plans to leverage Disney’s branding expertise and Kushner’s network of tech startups to enhance the team’s digital presence and fan engagement worldwide.

The acquisition reflects a growing trend of high‑profile investors from entertainment and technology sectors entering sports ownership, potentially reshaping league dynamics and setting new standards for integrated fan experiences. Both Iger and Kushner have expressed optimism about revitalizing the Lakers’ competitive edge while honoring the franchise’s storied legacy.