Kushner agrees to $12.5 billion deal for Lakers ownership stake

Jared Kushner has finalized a significant $12.5 billion deal to acquire an ownership stake in the Los Angeles Lakers. This transaction represents a substantial move within the NBA, highlighting the growing valuation of franchise assets. The deal reflects ongoing trends in sports investments, where team ownership stakes are becoming increasingly lucrative. Further details surrounding the strategic direction the franchise will take under Kushner's leadership are anticipated.

• 12:00 AMThe Wall Street Journal — The Other Kushner Steps Into the Spotlight With $12.5 Billion Lakers Deal - wsj.com