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Confirmed Economy
By the Patriot Watch Desk
Published August 12, 2026 at 12:21 PM ET · Updated August 12, 2026 at 8:10 PM ET

Kushner and Iger close record 12 billion dollar Lakers purchase

3 independent outlets are covering this story, first reported here by Newsmax. Verification: Confirmed (how we verify). Every headline links to the original reporting.

Read the story at ZeroHedge →

What we know

Josh Kushner and Bob Iger have purchased the Los Angeles Lakers for $12 billion. The deal sets a record for a sports franchise sale.

Patriot Watch first flagged this story 7 hr ago, when Newsmax reported it. Coverage has since grown to 3 independent outlets, including 1 wire/mainstream feed. The most recent report came 3 hr ago from ZeroHedge.

Conservative & independent coverage (2)

ZeroHedge 3 hr ago
Josh Kushner, Bob Iger Stun Sports World With Record-Shattering $12 Billion Lakers Takeover Deal
Newsmax 9 hr ago
Report: Josh Kushner, Bob Iger to Buy Lakers for Record $12.5 Billion - Newsmax

Wire & mainstream coverage (1)

NBC News 7 hr ago
Lakers to be sold to Bob Iger and Josh Kushner for $12 billion

Coverage timeline

Aug 12, 10:56 AM ET
9 hr ago
Newsmax
Report: Josh Kushner, Bob Iger to Buy Lakers for Record $12.5 Billion - Newsmax
Aug 12, 12:21 PM ET
7 hr ago
NBC News
Lakers to be sold to Bob Iger and Josh Kushner for $12 billion
Aug 12, 5:00 PM ET
3 hr ago
ZeroHedge
Josh Kushner, Bob Iger Stun Sports World With Record-Shattering $12 Billion Lakers Takeover Deal
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