The Lakers have become a poker chip for some of the most powerful men in America
Summary
The Los Angeles Lakers basketball team is expected to be sold for $12.5 billion, a new record for a U.S. sports team. The buyers are venture capitalist Josh Kushner and former Disney CEO Bob Iger, pending approval by the NBA.Key Facts
- The Lakers are set to be sold for $12.5 billion, a record price for any American sports team.
- The deal still requires approval by the NBA’s board of governors.
- The buyers are Josh Kushner, a venture capitalist, and Bob Iger, former Disney CEO.
- Kushner is the brother of Jared Kushner, an advisor to President Donald Trump.
- Mark Walter recently took control of the Lakers and plans to sell after less than a year, making about $2 billion profit.
- Walter also owns stakes in other sports teams, including the Dodgers and Chelsea soccer club.
- Kushner’s investment firm, Thrive Capital, is worth over $60 billion and has invested in companies like Instagram and OpenAI.
- Bob Iger is involved with Angel City FC, a women’s soccer team in the National Women’s Soccer League.
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