Two of Jerry Buss's sons have purchased a minority stake in the San Diego Padres through their own investment firm, even as their sister Jeanie Buss fights to block the family's remaining share in the Los Angeles Lakers from being sold. Joey and Jesse Buss, the youngest siblings in the Buss family dynasty, reached a […] The post Joey and Jesse Buss buy into the San Diego Padres while fighting their sister over the Lakers appeared first on American Almanac .
Two of Jerry Buss's sons have purchased a minority stake in the San Diego Padres through their own investment firm, even as their sister Jeanie Buss fights to block the family's remaining share in the Los Angeles Lakers from being sold. Joey and Jesse Buss, the youngest siblings in the Buss family dynasty, reached a deal to acquire roughly 5% of the Padres through Buss Sports Capital, the venture they launched in September 2025. The brothers will also sit on the new Padres ownership group's advisory board, joining controlling owners Kwanza Jones and Jose E. Feliciano, who purchased the franchise at an MLB-record $3.9 billion valuation . MLB owners unanimously approved that sale on August 17. The Padres deal marks the brothers' first…Open
Los Angeles Lakers governor Jeanie Buss is contesting her siblings’ plan to sell the family’s remaining 17.8% minority ownership stake in the team, according to a letter obtained by The Associated Press. Earlier this month, a deal was reached with Bob Iger and Josh Kushner to sell the team for $12 billion. The Buss siblings voted to sell the family trust’s remaining interest to the duo, which would end Jeanie Buss’ tenure as governor since the position requires at least 15% ownership of the team. Lakers and NBA analyst Iztok Franko joins "NewsNation Live" with the latest. Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live with Marni Hughes." Weekdays starting at…
Buss reminded her siblings that the family needs to retain a 15% stake in the team so she can keep her role as governor, highlighting a 2017 court ruling that kept her in control of the team following her father's death.
Josh Kushner and former Disney chief Bob Iger emerged this week as co-leaders of a group buying the Los Angeles Lakers for more than $12 billion, the latest milestone in a three-generation family rise that began with Holocaust survivors building modest homes in New Jersey. The deal caps a remarkable stretch for the younger Kushner […] The post From a 600-foot tunnel to a $12 billion Lakers deal: how the Kushner family built two separate fortunes appeared first on American Almanac .
Josh Kushner and former Disney chief Bob Iger emerged this week as co-leaders of a group buying the Los Angeles Lakers for more than $12 billion, the latest milestone in a three-generation family rise that began with Holocaust survivors building modest homes in New Jersey. The deal caps a remarkable stretch for the younger Kushner brother, whose venture-capital firm Thrive Capital now manages roughly $25 billion and whose personal fortune Forbes pegs at $5.2 billion. His older brother Jared, meanwhile, runs a separate investment firm out of Miami that was managing more than $5.4 billion by September 2025. Both men are billionaires. Neither inherited his wealth from the other's enterprise. And the family story that produced them starts not…Open
AI:Josh Kushner and former Disney executive Bob Iger have emerged as leaders of an investment group acquiring the Los Angeles Lakers for over $12 billion, a landmark deal that marks a massive expansion of the Kushner family's multi-generational wealth. The dynasty has evolved from its origins with Holocaust survivors Rae and Joseph Kushner in New Jersey to two distinct billionaire empires: Jared Kushner’s ventures involve real estate and significant capital from Gulf sovereign wealth funds, including a recent $55 billion takeover of Electronic Arts, while Josh Kushner’s venture capital firm, Thrive Capital, manages approximately $25 billion following high-profile bets on companies like Instagram and OpenAI. This massive acquisition occurs…Open
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
The record-setting sum comes just weeks after LeBron James left the team to become a free agent.
AI:Bob Iger and Josh Kushner have completed a record-breaking $12.5 billion acquisition of the Los Angeles Lakers, marking a massive consolidation of power in professional sports following LeBron James's departure from the team as a free agent. This blockbuster deal follows recent reports detailing the close personal relationship between Iger and Kushner and highlights an ongoing trend of skyrocketing valuations for major sports franchises.Open
Former Walt Disney Company CEO Bob Iger and businessman Josh Kushner are buying the Los Angeles Lakers.
AI:In a massive consolidation of media and sports power, former Disney CEO Bob Iger and billionaire businessman Josh Kushner have reached an agreement to purchase the Los Angeles Lakers. This blockbuster acquisition places one of the most valuable franchises in professional sports under the control of two high-profile figures deeply embedded in the intersection of global entertainment and private equity. Following previous reports regarding the Kushner family's expansive financial interests, this deal underscores a significant shift in ownership as record-breaking sale prices continue to redefine the landscape of major sports assets.Open
The current owner, Mark Walter, purchased a controlling interest in the team from the Buss family last year for what was at the time a record-breaking valuation of approximately $10 billion.
