"As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world," Kushner and Iger said in a statement. The deal eclipses the previous record set by Walter's 2025 purchase and surpasses billionaire Vinod Khosla's $9.6 billion acquisition of the Seattle Seahawks earlier this year. Kushner is the younger brother of Jared Kushner, son-in-law of President Donald Trump. The team will be led by six-time NBA All-Star Luka Dončić, who led the league with 33.5 points per game last season. Kushner and Iger had been involved in discussions regarding an NBA expansion team in Las Vegas before pivoting to make an aggressive offer for the Lakers, according to ESPN.