DAILYCALLER (Andrew Powell) - Rams Owner Stan Kroenke To Purchase Angels For Record-Breaking $4 Billion Valuation: REPORT
Sports tycoon Stan Kroenke, ladies and gentlemen
AMERICANALMANAC (Sadie Smith) - Bob Iger and Josh Kushner buy the Lakers for a record $12.5 billion — but questions follow the deal
Former Disney CEO Bob Iger and venture capitalist Josh Kushner have purchased the Los Angeles Lakers at a record-shattering $12.5 billion valuation, a deal that closed faster than most people buy a car. The pair unveiled the acquisition Wednesday morning after what Iger described as a 72-hour negotiation sprint. They bought the majority stake from […] The post Bob Iger and Josh Kushner buy the Lakers for a record $12.5 billion — but questions follow the deal appeared first on American Almanac .
Former Disney CEO Bob Iger and venture capitalist Josh Kushner have purchased the Los Angeles Lakers at a record-shattering $12.5 billion valuation, a deal that closed faster than most people buy a car. The pair unveiled the acquisition Wednesday morning after what Iger described as a 72-hour negotiation sprint. They bought the majority stake from Mark Walter, a billionaire whose corporate empire is currently the subject of a federal investigation, and who held the team for barely more than a year before flipping it at a $2.5 billion markup. The deal still requires approval from the NBA's Board of Governors, a process Breitbart noted could take several weeks. That timeline alone should raise eyebrows. Walter took control of the Lakers…Open
NYTIMES (Brooks Barnes and Tania Ganguli) - How Bob Iger and Joshua Kushner’s Bromance Led Them to Lakers
Bob Iger, the former chief executive of Disney, and Josh Kushner, the venture capitalist, are buying the Los Angeles Lakers. Their wives set them up.
AI:Bob Iger and Joshua Kushner have finalized a massive $12.5 billion deal to acquire the Los Angeles Lakers, a move driven by personal connections between their families that highlights the consolidation of media and sports power. This historic acquisition follows a trend of skyrocketing valuations for professional sports franchises and underscores the growing influence of venture capital and former corporate titans in controlling major cultural assets.Open