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…
This week’s deal for the Los Angeles Lakers, which valued the team at a record $12.5 billion, was the latest in a pattern of skyrocketing prices.
AI:The recent sale of the Los Angeles Lakers has established a staggering new benchmark in professional sports, with the franchise being valued at a record $12.5 billion. This transaction follows a consistent pattern of skyrocketing valuations for major sports franchises, signaling a massive concentration of wealth and an unprecedented explosion in asset prices among the global elite. As team sale prices continue to hit new highs, these professional organizations are transitioning from simple entertainment entities into high-stakes financial assets that defy traditional market logic.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
