Stad finalizes $4.5B Timberwolves, Lynx ownership deal
#NBABusiness #MinnesotaSportsMarc Stad completed a deal to become controlling owner of the Timberwolves and Lynx, buying Marc Lore's stake at a $4.5 billion valuation. Lore retains a minority share, focusing on his Wonder Group IPO, pending NBA approval. read more
Jeanie Buss Fights Siblings Over Lakers Stake Sale
#Lakers #NBABusinessJeanie Buss is contesting her siblings' vote to sell their 17.8% Lakers stake, citing legal requirements to maintain her controlling ownership. The family's sale to Kushner and Iger threatens her governor role, sparking a bitter trust dispute. read more
Buss Family Exits Lakers Ownership After 47 Years
#Lakers #NBABusinessBuss family sells remaining 17.8% Lakers stake to Kushner and Iger, ending Jeanie Buss's governorship after 13 years. The $12.5 billion franchise deal requires NBA approval, marking the family's exit after 47 years and 11 championships. read more
Lakers Sold to Kushner and Iger for Record $12.5 Billion
#NBABusiness #LakersLos Angeles Lakers sold at $12.5 billion valuation to Josh Kushner and Bob Iger, just 14 months after Mark Walter's $10 billion purchase. The rapid flip shocks NBA insiders, with questions about Walter's federal probe and the franchise's future leadership. read more
Kushner and Iger buy Lakers in record $12.5B deal
#Lakers #NBABusinessJosh Kushner and Bob Iger will buy the Los Angeles Lakers for a record $12.5 billion, acquiring the team from Mark Walter, who owned it briefly amid a federal tax investigation. read more