It was a move that has left the NBA world in shock. And the deal was done astonishing quickly. The Los Angeles Lakers’ record $12.5bn (£9.3bn) sale was agreed in the space of a weekend.
News broke on Wednesday that Josh Kushner, the brother of US President Donald Trump’s son-in-law Jared, and former Disney chief executive Bob Iger were buying the controlling interest in one of the world’s most iconic sports teams.
Kushner moved fast to get the deal done.
Only last Friday, he approached Mark Walter over the majority stake he purchased only last year. They got to work instantly to hammer out an agreement.
If approved by the NBA’s board of…
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