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Trust set to earn $2.2 billion from new basketball team sale agreement

Yahoo Sports • 1 min read • Latest: Oct 7, 2026, 11:59 PM

Last updated Oct 7, 2026

Trust set to earn $2.2 billion from new basketball team sale agreement
Summary

A new filing reveals that a trust stands to gain $2.2 billion through a tag-along provision related to the sale of a basketball team. Reportedly, Kushner and Iger's group have agreed to purchase the team for $12.5 billion from Walter. This substantial financial transaction highlights key developments in the team's ownership structure, pointing to potential implications for the basketball and future negotiations.

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Yahoo Sports
By the Numbers
  • •Trust expected to earn $2.2 billion from the team sale.
  • •Kushner and Iger's group will pay $12.5 billion.
  • •Transaction highlights significant ownership changes.
  • •The sale has potential implications for future team valuations.
Latest Updates
  • 11:59 PMYahoo Sports — The new filing also highlights the $2.2 billion the …
What they're saying
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The new filing also highlights the $2.2 billion the …

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