The sale, which would mark a record-breaking price, comes more than a year after billionaire Mark Walter bought a controlling interest in the team.
Kushner is the brother of Jared Kushner, President Donald Trump's son-in-law.
The businessmen were involved in the expansion process in Las Vegas, but in a stunning turn, they pivoted to make an aggressive offer to buy the Lakers from Mark Walter, who had purchased a controlling interest in the team from the Buss family last year for a then-record franchise valuation of approximately $10 billion.
Tag: NBA
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NBA’s Los Angeles Lakers To Be Sold For $12.5 Bn
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Wemby Inspires Spurs’ NBA Finals Fightback
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Spurs Dethrone Thunder, Set Up NBA Championship Finals Against Knicks
The San Antonio Spurs, powered by Victor Wembanyama, dethroned defending NBA champions Oklahoma City Thunder with a 111-103 victory on Saturday to clinch the Western Conference finals and book a championship showdown with the New York Knicks. The Spurs won the best-of-seven series 4-3, advancing to the NBA Finals for the first time in the...