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Los Angeles Lakers: NBA franchise to be sold in record $12.5bn deal to Josh Kushner and Bob Iger

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The Los Angeles Lakers are to be sold for a reported record-breaking $12.5bn, external (£9.3bn) – less than a year after Mark Walter took a majority stake in the NBA franchise.

Josh Kushner, the brother of US President Donald Trump’s son-in-law Jared, and former Disney chief executive Bob Iger are buying the controlling interest in one of the world’s most iconic sports teams.

Walter bought his share, reportedly worth an estimated $10bn (£7.45bn), from the Buss family in a deal that was unanimously approved by the NBA Board of Governors in October 2025.

Kushner and Iger said in a statement: “As lifelong NBA fans, we are deeply honoured for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world.

“We have immense respect for the leadership and vision of Jerry and Jeanie Buss.

“Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.”

More to follow.

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Formula 1: Cadillac replace team principal Graeme Lowdon with Marcin Budkowski

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Lowdon, formerly a senior figure in the Manor/Marussia team that raced from 2009 to 2016, set up Cadillac over a period of three years and had to do a lot of the work before they even had an official place in F1, as a result of a protracted entry process.

He has likened the job of creating a new team to putting a man on the moon.

Budkowski, 49, was at Renault’s F1 team from 2017-22 through its guises as Renault and Alpine.

He previously ran the technical department of F1’s governing body the FIA form 2014-17, and had worked for the McLaren, Ferrari and Prost teams.

At Cadillac, he will join a number of old colleagues, including chief technical officer Nick Chester, who was formerly at Renault.

Budkowski said in a statement: “This is a phase of huge opportunity for the team, one that will be defined by a clear objective: maximising car development within the cost cap and turning every team function on to compete.

“That means building an elite organisation with a winning mindset – driven, relentless in the face of setbacks, obsessed with detail and process, and able to execute with precision on race day.

“My focus will be on aligning our people, tools and information flow so the right decisions are made quickly, and the performance of the car improves every time we go racing.”

Cadillac entered F1 acknowledging that it would take time to become competitive.

They are yet to score a point in the first 11 races of the season with an experienced driver line-up of Sergio Perez and Valtteri Bottas, who are both former race winners.

The team has a complicated logistical set-up, primarily operating out of seven buildings on an industrial park opposite Silverstone circuit in the UK, as well as out of General Motors’ technical centre in Michigan and motorsport HQ in North Carolina.

A new base in Fishers, Indiana, will become their new headquarters in due course, although they will retain a base in the UK.

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Jonas Brothers to headline halftime show for 49ers vs. Rams Week 1 game in Australia

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Kevin Jonas, Nick Jonas, and Joe Jonas perform on stage during Jonas Brothers: JONAS20 Greetings From Your Hometown Tour at Intuit Dome on September 6, 2025 in Inglewood, California.

The Jonas Brothers — Kevin, Nick and Joe, from left — will play the halftime show in Melbourne when the Rams and 49ers play Week 1. Amy Sussman / Getty Images

The Jonas Brothers will headline the halftime show performance for the 2026 Melbourne game between the San Francisco 49ers and Los Angeles Rams on Sept. 10 at 8:35 p.m. ET, the NFL announced Wednesday. The game will be played at Melbourne Cricket Ground and streamed on Netflix.

The league will announce halftime performances for six other international series games across four continents and seven countries at later dates. The 2026 season marks the most international games (nine) in an NFL season.

The Jonas Brothers band was formed in 2005, with brothers Kevin, Joe and Nick Jonas. They became one of the most successful bands of the 21st century, thanks to their musical ventures and appearances on the Disney Channel. The band broke up in the early 2010s as the brothers focused on more solo projects, but reunited in 2019, when they released “Sucker,” which debuted on the Billboard Top 100. That song became their first No. 1 single on the chart. Their most recent album, “Greetings From Your Hometown,” was released in August 2025.

Although the Week 1 matchup between the 49ers and Rams will feature the first NFL game played in Australia, the Melbourne Cricket Ground is no stranger to hosting major musical guests. Michael Jackson, Paul McCartney and Madonna, among others, performed at the venue in the 1990s. More recently, Ed Sheeran performed back-to-back days in 2023, and Taylor Swift played three consecutive days in 2024.

“Bringing the first-ever NFL regular season game to Australia is a landmark moment for the league, and we are committed to creating an entertainment experience that reflects the scale and significance of the occasion,” Tim Tubito, senior director of global game presentation and entertainment at the NFL, said in a news release. “The Jonas Brothers are global entertainers whose music connects across generations, making them the ideal artists to help us celebrate this historic game in Melbourne. We look forward to delivering a memorable halftime performance for our fans in Australia and those watching around the world.”

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How to watch Mets vs. Braves: TV channel and streaming options for August 12

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The Atlanta Braves and New York Mets meet on Wednesday at 7:15 p.m. ET at Truist Park, attempting to break a 1-1 series tie. Tyler Mahle (3-9, 4.83 ERA) will start for the Braves, who are 72-48 this season and first in the NL East. Zach Thornton (3-2, 2.52 ERA) is the expected starter for the Mets, who are 53-68 and fifth in the NL East.

How to watch New York Mets vs. Atlanta Braves

Mets vs. Braves odds

  • Favorite Moneyline: Braves -189
  • Underdog Moneyline: Mets +154
  • Total: 8.5
  • Total Over Odds: -118
  • Total Under Odds: -102

Injury reports

Braves

Reynaldo López: 15 Day IL (Knee), Robert Suarez: 15 Day IL (Elbow), Spencer Strider: 60 Day IL (Elbow), Spencer Schwellenbach: 60 Day IL (Elbow), Joey Wentz: 60 Day IL (Knee), Joe Jimenez: 60 Day IL (Knee)

Mets

Mark Vientos: 10 Day IL (Hand), Juan Soto: 10 Day IL (Calf), Austin Warren: 15 Day IL (Forearm), Cionel Perez: 15 Day IL (Forearm), Devin Williams: 15 Day IL (Shoulder), Tylor Megill: 60 Day IL (Elbow), Justin Hagenman: 60 Day IL (Rib), Reed Garrett: 60 Day IL (Elbow)

Stats to know

  • Atlanta’s Matt Olson is slashing .266/.343/.554 this season with 35 home runs (1st in MLB), 74 RBIs (13th in MLB) and an OPS of .897 (9th in MLB). He has a 25.1% strikeout rate and a 10.1% walk rate in 525 plate appearances, and he has scored 86 total runs.
  • In 515 plate appearances, Ozzie Albies has slashed .258/.315/.436 this season. He has hit 20 long balls and driven in 64 runs with a strikeout rate of 14.2% and a walk rate of 7.2%. He has come around to score 72 times.
  • Bo Bichette has hit 11 home runs this season. He has also tallied 60 RBIs and has scored 58 runs. In 520 plate appearances, he has recorded a .262 BA, .310 OBP and .375 SLG with a 6.5% walk rate and an 18.1% strikeout rate.
  • In 476 plate appearances, Carson Benge has posted a 21.6% strikeout rate and a 7.4% walk rate while slashing .272/.334/.410 with 13 home runs, 47 RBIs and 62 runs scored. He has stolen 18 bases on 21 attempts.

This watch guide was created using technology provided by Data Skrive.

Betting/odds, ticketing and streaming links in this article are provided by partners of The Athletic. Restrictions may apply. The Athletic maintains full editorial independence. Partners have no control over or input into the reporting or editing process and do not review stories before publication.

Photo: Jamie Squire, Ishika Samant, Scott Taetsch, Alika Jenner / Getty Images

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