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Kushner Lakers Deal Faces Funding Scrutiny
30 Oct
Summary
- Prospective owners offer minority stakes starting at $250 million.
- Kushner is reportedly short billions to complete the Lakers acquisition.
- Iger would take minority stake and oversee daily Lakers operations.
Prospective buyers are offering minority stakes in the Lakers franchise for $250 million to $300 million as part of an acquisition effort led by Jared Kushner. Reports suggest Kushner may still be billions short of the required financing for the deal, though other sources indicate significant investor interest.
Under the agreement, Kushner is expected to become the majority owner, while Bob Iger, former CEO of Disney, would acquire a minority stake and oversee the team's day-to-day operations. Iger also recently took a controlling stake in Angel City FC, a women's soccer team.
The deal, valued at $12.5 billion, was reached in August between Kushner, Iger, and current majority owner Mark Walter. The transaction requires approval from the NBA's board of governors and is proceeding despite a legal dispute within the Buss family over a remaining stake in the team.
