The planned power structure of the Los Angeles Lakers' $12.5 billion sale has shifted from early expectations, with Bob Iger set for a smaller stake and Josh Kushner positioned as the prospective controlling shareholder and governor, an update published by Fadeaway World — NBA and TalkBasket based on reporting from the New York Post on Thursday.
Power split in the $12.5 billion deal
The transaction covers the 64% stake controlled by Mark Walter at a $12.5 billion valuation, as described consistently by both outlets. Within that framework, Joshua Kushner is expected to become the lone controlling shareholder with a 15% holding, about $1.875 billion at that valuation, the threshold required in the NBA to serve as governor.
Iger as minority owner and alternate governor
Bob Iger would remain involved as a minority owner and alternate governor, leading day-to-day management but not as the controlling person who makes final decisions under NBA governance rules. The clarification corrects earlier suggestions that he would be the governor and defines his role as operational rather than controlling.
Governance change in Los Angeles
The shift would see Jeanie Buss replaced as the team's governor, the role that holds the franchise's institutional representation and vote with the league. The adjustment comes as the Buss family reviews its ownership position and the sale process moves toward completion.