Josh Kushner and Bob Iger are already making some incredibly expensive moves with the Lakers, looking to sell off minority stakes in the team with a starting price tag of $250 million apiece. This isn’t small potatoes, folks. This is a massive play to build out their ownership group right now.
The Steep Price of Entry
Kushner and Iger aren’t messing around. They agreed to buy the Lakers from Mark Walter over the summer, and the team’s valuation hit a mind-blowing record of $12.5 billion. Think about that for a second: twelve and a half billion dollars for an NBA team! Now they’re working to bring in other investors, looking for between $250 million and $300 million for each minority stake.
And It’s Just the Beginning
But here’s the kicker: that quarter-billion price tag is only where they’re starting. Sources close to the deal are saying that some minority investors are going to put in significantly higher amounts. So, while $250 million might get you a piece of the purple and gold, it looks like the real players are ready to shell out even more to be part of this record-breaking ownership. This is some serious cash flowing around, showing just how valuable a franchise like the Lakers truly is.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by Yahoo Sports.
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