The Culture

The Los Angeles Lakers Are Sold in a Record $12.5 Billion Deal

via BBC World·Aug 12·2 sources

The Lakers changed hands in a sale valuing the franchise at $12.5 billion, the largest price ever paid for a sports team. The buyer is Josh Kushner, brother of Jared Kushner, whose investment firm led the purchase. The figure resets the ceiling for what a marquee professional club is worth.

Read Full Story at BBC World

Coverage from 2 outlets

Daily Wire

Jared Kushner’s Brother Buys LA Lakers

Sports

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