[Shelburne] The Los Angeles Lakers are being sold to American businessman Josh Kushner and Bob Iger for a record breaking price over $12 billion, multiple sources told ESPN. Kushner and Iger pivoted to make an aggressive offer to buy the Lakers from Mark Walter.

[u/[deleted]]

[u/blachat]

Couldn't buy FIFA so they buy the Lakers

[u/app1efritter → u/blachat]

exactamundo. plan B

[u/notmoleliza → u/app1efritter]

Today I feel corrupt

[u/Admirable_Fun7790 → u/blachat]

There's so much capital flowing to the top 0.00001% that they really have nothing to do with it except stash it in as many different assets as they can. They will basically own everything of value in the near future.

[u/Fresh_Boysenberry576 → u/Admirable_Fun7790]

Private Equity and billionaires will soon own everything worth owning in the US, it's insane

[u/BloomsdayDevice → u/[deleted]]

I don't think we'd even need to eat that many. Like six or seven would probably get the point across. Have a little neighborhood cookout.

[u/DevonGr → u/[deleted]]

About 10 years too late for that. Been in the works since at least 2017 in ohio

https://www.nbc4i.com/news/local-news/central-ohio-news/federal-officials-plan-to-open-2840-acres-of-ohios-wayne-national-forest-for-fracking/amp/

I know National Park =/= National Forest but the point is that it’s all on the block eventually without intervention.

[u/Character_Bug_1862 → u/Admirable_Fun7790]

Time to take it back. You don’t have to be a weatherman to know which way the wind is blowing. Their greed is causing an opposite and eventually equal reaction.

[u/Twinklebutter]

Turned around flipped them faster than a kid at a cardshow

[u/Local-Can-5760 → u/Twinklebutter]

Made 2 billion off a one year investment, must be nice

[u/CIark → u/Local-Can-5760]

Average Jeanie management masterclass 

[u/lalakingmalibog → u/CIark]

Jeanie going from Playboy bunny to PS5 hawker to this

[u/Traditional-Row5237 → u/lalakingmalibog]

First of all…happy international women’s day

[u/AintEverLucky → u/lalakingmalibog]

I mean, "going from Playboy bunny" makes it sound like she was like the proverbial "cornfed Cindy Lynn from Nebraska who spent a year's babysitting money on a one-way bus ticket to Hollywood the week after she turned 18"

Jeanie was always Jerry Buss's daughter. She was always going to inherit a goddamn fortune. She just wanted to show off her rockin' body to the entire planet so she did 😎

[u/69cantread69 → u/AintEverLucky]

yea at that time a lot of women think it's an honor being a playboy bunny

[u/CanadianControlsTech → u/lalakingmalibog]

I can't even hate, man. Those playboy pictures are actually sick as hell.

[u/Koppite93 → u/CanadianControlsTech]

Fr tho... No business doing it, but for the love of the game🫡🫡

Props to her, Ms Bushs

[u/jabronified → u/CIark]

i mean to be fair, the S&P 500 is up 20% in a year too, could've made the same amount just parking the cash in that

[u/Will_122 → u/Local-Can-5760]

This is what America's all about baby

Pull yourself up by the bootstraps and flip a professional sports team

[u/MrRoma → u/Will_122]

Have any of you tried asking your parents for $12 billion? You can Alternatively march into the bank with your resume and application. Thats how we did it back in my day anyways

[u/gfty457 → u/MrRoma]

Got to remember to give the loan officer a firm handshake

[u/c_c_c__combobreaker → u/gfty457]

I knew I forgot to do something. I'm going back to the bank today.

[u/OrganicHunt952 → u/Twinklebutter]

Out of left field, mark Walter’s investigation must have him in deep waters then.

[u/ShotgunStyles → u/OrganicHunt952]

Or a quid pro quo. "Sell the team and I'll drop the case."

[u/eegad → u/ShotgunStyles]

I will lose my fucking shit if the case on Mark Walters just disappears. Our government is so fucking corrupt, arghhhhhhhhh.

But also I agree with you and think this is exactly what's happening.

[u/ThatDudeUKnow92 → u/ShotgunStyles]

Seeing the name Kushner says all you need to know to confirm this is true.

[u/Imkitoto → u/Twinklebutter]

I just don’t understand where they got the money

Kushner and Iger are about to squeeze their ass cheeks tighter and penny pinch every drop because they’re not in the business of having a good team

[u/TiddiesAnonymous → u/Imkitoto]

Walter got the money from arab oil, is it a mystery where Kushner would get it from? Lol

This is Ivanka's brother in law

[u/Imkitoto → u/TiddiesAnonymous]

God this sucks so much fat ass

[u/phluidity → u/Imkitoto]

I think they are more likely to jack prices on everything. Ticket prices are going to double in the next three years, and everything is going to have an upcharge with it. All concessions will have to be preordered on the Lakers' app and you pick up at a kiosk. With a convenience fee added of course. Become a premium Lakers' fan for only $250 a month and you get access to streams of practice and a Lakers' trainer will set up a workout plan just for you (totally not one of five premade plans they email you) so you can train like a Laker.

[u/IMissMyZune → u/phluidity]

Don’t forget having facial recognition as a requirement to do anything in the arena like the other Los Angeles team

[u/dylanah → u/Twinklebutter]

He’s barely eligible for Long-Term Capital Gain treatment lol.

[u/NanoCurrency → u/dylanah]

Oof. What’s 40% of 2 billion?

[u/JohnS-42 → u/NanoCurrency]

800 milly, maybe he can use Klarna

[u/MembershipSingle7137]

This is the guy behind the plan to sell the FIFA WC

[u/Da_Malpais_Legate → u/MembershipSingle7137]

He’s also known as Jared’s brother

[u/ATXBeermaker → u/Da_Malpais_Legate]

And son of convicted felon (illegal campaign contributions, tax evasion, and witness tampering) Charles Kushner. But everything's cool now that he bought himself a presidential pardon.

[u/BigE429 → u/ATXBeermaker]

I mean, I'm not gonna judge people based on the sins of their parents, but you don't get "try to buy the World Cup and actually buy the Lakers" kind of money without being a scumbag yourself.

[u/ManWithASquareHead → u/Da_Malpais_Legate]

EA NBA Live 26 nightmare fuel

[u/auto_poena → u/MembershipSingle7137]

Thanks, I hate it. 

[u/Dijohn17 → u/MembershipSingle7137]

They are absolutely planning some nefarious shit with the Lakers

[u/ArmiinTamzarian → u/Dijohn17]

Infantino to replace Adam Silver

[u/KeithClossOfficial → u/Dijohn17]

Conspiracy theorist in me says the investigation into Mark Walter was to pressure him to sell to Kushner

Anyway, changing my flair from the Lakers because fuck this guy. Been a fan since the 80s

[u/RealGertle627 → u/Dijohn17]

Gonna sign Kawhi on a vet minimum

[u/kizza96 → u/Dijohn17]

They’re giving them back to Minnesota

[u/raginghardon420 → u/kizza96]

They fucking hate Minnesota for uhhh supporting human rights and equality so I highly doubt it

[u/AcesCharles2 → u/MembershipSingle7137]

Also the microtransactions in offline Dynasty for CFB27.

[u/TarnishedAccount]

Yes, that’s Jared’s brother.

[u/SuperVaderMinion → u/TarnishedAccount]

Are you fucking kidding me

[u/juliuspepperwoodchi → u/SuperVaderMinion]

"Drain the swamp"

Anyone remember that?

[u/juliuspepperwoodchi → u/[deleted]]

Him? Be duplicitous?

Whell I never!

[u/Sorkijan → u/[deleted]]

Every accusation is a confession

[u/Patrick2701 → u/TarnishedAccount]

Kushner family is some of the worst

[u/sleepy416 → u/Patrick2701]

Oh boy we got the kushners and Ballmer in LA

[u/Thornton__Melon → u/sleepy416]

I’ll take Ballmer 100 out of 100 over any of the Kushners or their extended family

[u/DrPuzzle → u/Thornton__Melon]

Yeah Ballmer is cheating the game but arguably is nothing of a bad person compared to a Kushner. This is the guy who was trying to fuck with Fifa WC. This is terrible 

[u/mistervulpes → u/DrPuzzle]

Do we mean the same Kushner family, where one of them received a $2billion "investment" from Saudi Arabia? The same Saudi Arabia that the US recently announced will allow to develop nuclear program? The same US that had top secret files hidden in a former president's bathroom right around the same time as the $2billion "investment?"

[u/Thornton__Melon → u/DrPuzzle]

Ballmer I see as a passionate owner - built the arena with his own money - and just really wants to win and did some crooked shit. I don’t see him as evil.

Kushner/and his brother’s in laws (and his brother) - evil.

Surprised Iger got involved with this, there was reports he was thinking of running for president, that ain’t happening now.

[u/BigPapaLegba → u/TarnishedAccount]

Silver's tenure will be marked as the time the league sold its soul to corruption, gambling, and private equity. 

[u/nwordfyou → u/BigPapaLegba]

There's only so many people that can buy an NBA team nowadays. Small pool of bidders. Mostly have ties to gambling or political corruption.

[u/Ricoh06 → u/nwordfyou]

Well allowing private equity and gambling pushed the prices up - if he disallowed it, prices would rapidly fall…

[u/ThisisnotaTesT10 → u/TarnishedAccount]

Isn’t this the same guy that infantino was trying to sell a stake in the World Cup to?

[u/next_door_nicotine]

Bob Fucking Iger and a Kushner. I hate it here and I'm not even a Lakers fan.

[u/braddeus]

Oh good, I was worried about running out of reasons to hate the Lakers

[u/Clipgang1629 → u/braddeus]

Josh Kushner? Yikes bro

[u/preddevils6 → u/Clipgang1629]

Josh Kushner is a front for Saudi Arabia

[u/Sanders058 → u/preddevils6]

They just bought EA sports

[u/Character_Bug_1862 → u/Sanders058]

We’re going to have to start our own leagues eventually lol. Its not gonna be about the game of basketball anymore, assuming it still is of course.

[u/monoDK13 → u/preddevils6]

I mean Walter was thought to be a front for Abu Dhabi

[u/preddevils6 → u/[deleted]]

Owned by Saudis

[u/DannyDOH → u/preddevils6]

100%. Sovereign wealth in the building.

[u/ExtraLeading3376 → u/DannyDOH]

I just looked & Kushner also has a minority ownership in the Miami Heat

Id assume he is forced to sell that now

[u/Krillin113 → u/ExtraLeading3376]

Was also the trying to get FIFA to sell the World Cup to private equity lmao.

[u/Turbo2x → u/[deleted]]

They see the Clippers doing backroom deals to secure stars and figure two can play at that game, this time with government backing.

[u/soilentgleem → u/[deleted]]

They won't move the Lakers. Them being in LA is where the majority of their value comes from.

[u/Pay-Homage → u/soilentgleem]

Won’t move them, but watch them do an “Asian Tour” to “Southwest Asia” and visit Saudi Arabia, etc. next summer.

And the NBA has gotta love this for their global aspirations.

No pun intended.

[u/ginbooth → u/Clipgang1629]

Never thought I'd have to question my fandom but here we are.

[u/DeAndre_ROY_Ayton → u/ginbooth]

Honestly, first time I’ve felt bad for Laker fans, this is not what sports is about

[u/ShotgunStyles → u/braddeus]

I'm pretty sure Joshua Kushner is currently a minority owner of your Heat too, so interesting to think about!

[u/dagreenman18 → u/ShotgunStyles]

Would he have to sell his stake in another team if he bought a team? How does that work?

[u/BlackMathNerd → u/dagreenman18]

Yes

[u/macc_aviv → u/dagreenman18]

His share of the Heat either has to be sold ahead of time or will go into a blind trust and be sold at market value.

[u/Normal-Selection1537 → u/macc_aviv]

Presidents also had to use a blind trust until they didn't.

[u/ShotgunStyles → u/dagreenman18]

You can double dip if you're only a minority owner but if you're a majority owner, then you can't double dip. I think. I know a VC fund has minority stakes in multiple NBA teams but Vivek had to sell his minority stake of the Warriors when he became the majority owner of my Kings.

[u/Strugl33r → u/braddeus]

Dosent he already own part of the heat

[u/RulersBack]

So whatever Walter has goin on, this points to some real trouble I assume? Or did he just come up on a quick few billion lmao

[u/zeek215 → u/RulersBack]

Nah it must be trouble. He's had a stake in the Lakers forever and just now became the full owner.

[u/did_it_my_way → u/zeek215]

prosecution: sell the team to the Kushners and we will drop the case

[u/zeek215 → u/did_it_my_way]

I hate that this makes sense.

[u/Imtryingtrying → u/zeek215]

Had a stake "forever"

Since 2021

[u/Man0nTheMoon915 → u/RulersBack]

No, they just flipped them for a quick profit essentially

[u/TrueCynic → u/Man0nTheMoon915]

2B seems like a nice profit.

[u/Whyamibeautiful → u/RulersBack]

Feels like the odds of the investigation being a pressure tactic from trump and family went up a lot. I imagine charges get dropped soon

[u/jefe_hook]

Seems like federal investigation is very effective

[u/LouisIcon → u/jefe_hook]

So federal investigation leads to selling the team to one of the Kushners...

[u/clownbaby4_ → u/LouisIcon]

Absolutely nothing to see here

[u/NABAKLAB → u/LouisIcon]

just like with tiktok lol.

[u/LouisIcon → u/[deleted]]

Don't forget he kidnapped the sovereign leader of Venezuela, stole their oil and money and is storing it in an off shore account in Quatar... Completely reasonable behavior of a president... We are so beyond incredibly fucked, and most people are completely oblivious.

[u/CIark → u/jefe_hook]

Luckily the Kushners don’t have to worry about the feds in our extremely fair and equal society 

[u/YodaForceGhost]

Same Kushner who wanted FIFA to sell off the World Cup to private equity. At least the other guy can bring Mickey Mouse and Goofy in as potential FA options for the team

[u/LieutenantLilywhite → u/YodaForceGhost]

Kingdom Hearts Goofy is legit a double double player

[u/Inevitable_Badger641 → u/LieutenantLilywhite]

Youtube murder goofy is rodman-esque

[u/Lightningthundercock]

12 billion totally legitimately acquired dollars

[u/CIark → u/Lightningthundercock]

Zero rumor or dicusssion process lmao Mark Walter must be panicking hard sold this shit in a phone call 

The lakers really got bought with money from Trumps shitcoin scam 😭😭

[u/FanofK → u/CIark]

See how much money he and his group need to pay Dodger players? Sometimes you just have to sell some stuff to pay for another $500 million contact

[u/Thornton__Melon → u/FanofK]

So this is Kyle Tucker’s fault?

[u/sleepy416 → u/[deleted]]

Unless you’re not a billionaire

[u/brettmav → u/[deleted]]

Not even joking. This admin has completely halted all money laundering and financial crime investigations.

[u/ProjectHarraseeket → u/brettmav]

Warren G. Harding is rolling over in his grave by not being able to accomplish what he wanted to do.

[u/gabriel_ferreira → u/brettmav]

Hey man, perfect time to launder some money then. Make a lemonade type shit

[u/LHamiltonPP]

What a tremendous day for Lakers haters

[u/Gravey8em → u/[deleted]]

In a philosophical way, I feel your sentiment.  This just took the air out of me this morning.

Wow, we are no longer the same Lakers. We have no legacy in the front office anymore.

[u/Im_Matt_Murdock → u/LHamiltonPP]

conflicted, because this is also a terrible thing for NBA fans in general

[u/Johnknight111 → u/LHamiltonPP]

I want to see the Lakers fail, not be destroyed.

[u/advancedmatt]

1) Feds turn up the heat on Mark Walter

2) Walter sells Lakers to Kushner

Move along, move along, nothing to see here...

[u/JuliusCeejer → u/advancedmatt]

In a deal that came together in 3 days

[u/dirtyshits → u/advancedmatt]

I can almost bet that Walter will walk away from the investigation with a slap on the wrist.

This 100% smells like you scratch my back i scratch yours.

[u/OThePlacesYouWillGo]

The Doncic, Reaves, Kessler timeline makes sense now…jk

[u/CIark → u/OThePlacesYouWillGo]

AND YOUR STARTING POWER FORWARD FOR THE LOS ANGELES LAKERS

BARRON TRUMP

[u/BenevolentCheese → u/CIark]

He's pretty tall and he's willing to pay off the refs, probably worth a second rounder

[u/locoghoul → u/BenevolentCheese]

They told me Barron is the most athletic guy they ever had, it's amazing. Must be his genes I don't know. I never tried basketball, but I'm sure I could play better than Obama. - Donald

[u/SlyCooper007]

Didnt they just get sold last year??

[u/maxithepittsP → u/SlyCooper007]

Mark Walter is currently under Federal Investigation, pretty sure its getting serious now. SEC just subpoenad the entire company. His company also sells most of their subsidiaries as of right now.

[u/SteveJavieWasRight → u/maxithepittsP]

I’m guessing that investigation is over now

[u/roma258]

Same Kushner who wanted to drop a cool $20 billion on a stake in FIFA? Who's actually putting up the cash?

[u/ThatDudeUKnow92 → u/roma258]

If the last name is Kushner you know it's really the Saudis or some conglomerate of Russian oligarchy dopes. Maybe even a collection of both.

[u/roma258 → u/ThatDudeUKnow92]

A poo poo platter of dirty money, if you will.

[u/HoldEm__FoldEm → u/roma258]

Saudis if it’s a kushner 

[u/mmmjeep]

Sorry Lakers fans, they’re going to turn your team into a live action Disney remake.

[u/bt2328]

Bro fucking fade me. How did we go from Walter the spender to Iger the slasher in less than a full season. RIP

[u/AzureDragon013 → u/bt2328]

FUCK bro, i was so excited for Mark to take over from the Jeanie too....

[u/KingBroly]

Bob Iger?

Sorry, Lakers fans.

[u/Somecommentator8008 → u/KingBroly]

Disney Bob Iger?

[u/Gamesgtd → u/Somecommentator8008]

It's really that dude. Lol. I guess.

[u/Delanorix → u/KingBroly]

Bro, the Kushners/Trumps too lmao

New worst ownership in the NBA

[u/MCoster]

Good ROI from Mark Walter

[u/naaahhman → u/MCoster]

Yeah, walked around, shook Luka's hand, made 20%. Lmao

[u/soupcansam21 → u/MCoster]

like 2 billion in 18 months? gotta be a record

[u/HeAintSh1t → u/soupcansam21]

You did it baby! Congratulations you made history baby. 2.1 billion in a short season. - Jada

[u/jcc2244 → u/soupcansam21]

Trump's got that beat, 18 months into his second term and he def grifted more than $2B.

[u/Groots-Cousin]

I knew I should have founded a basketball team in 1946 instead of being a lazy bum who wouldn’t be born for another 50 years

[u/MrThunderMakeR → u/Groots-Cousin]

Should have pulled yourself up by your boot straps and climbed out of that womb earlier

[u/Final_Garlic2067 → u/MrThunderMakeR]

Gotta skip his avocado toast

[u/SawNickYouth]

Graduates college in 2011, is a billionaire rich enough to buy the Lakers in 2026. The rest of us must have done something wrong in the past 15 years.

We don't hate billionaires enough, by the way.

[u/miglrah → u/SawNickYouth]

His wiki is just one business failure after another until he got into private equity.

[u/Commisioner_Gordon]

Seeing the kushners get involved in sports makes my heart die a little more every time. Between this and Dundon the NBA is going down a dark path

[u/asetniop → u/Commisioner_Gordon]

And of course there's also Oak Tree Capital getting a foothold in with the Suns/Ishbia, and Miriam Adelson and Patrick Dumont and the Mavericks...

[u/Warm-Illustrator-419]

Fuuuuuuuuuuuuuuuuuuuuuck Josh Kushner and his criminal family.

[u/D0N_B0N_DARLEY]

Fun fact: Josh Kushner is the majority owner and managing partner of Thrive Capital, which is a minority owner of the Miami Heat. Bob Iger serves as an adviser to Thrive Capital.

Conflicts of interest don’t matter anymore.

[u/absurdlifex → u/D0N_B0N_DARLEY]

Adam silvers league

[u/iNfAMOUS70702]

Saw this shit on the ticker on ESPN and needed some clarity.....WTF?

[u/IRodeTenSpeed88]

Holy shit the Kushners have their hands in everything

[u/homeboycartel2 → u/IRodeTenSpeed88]

It’s bc they have Saudi money

[u/DyslexicAutronomer → u/homeboycartel2]

At this point, they got the all the Gulf nation's money via the protection racket Trump is running, and constantly milking more by poking Iran every few weeks.

[u/Ranier_Wolfnight]

This is ultra gross for the league and its fans.

My condolences Lakers nation.

[u/Inevitable-Corgi-437]

The cynical side of me thinks that the Trump Admin. secretly told Mark Walters they would drop the SEC and Federal investigations into his related party transactions with Guggenheim and his insurance companies if he sold his stake in the Lakers to the partnership of Kushner/Iger.

[u/Immediate-Fee-2121 → u/Inevitable-Corgi-437]

That’s not cynicism. It’s pattern recognition lol

[u/Fa1lenSpace → u/Inevitable-Corgi-437]

that's probably exactly what happened lmao

[u/50ShadesOfKrillin → u/Inevitable-Corgi-437]

What you call cynical here, I call completely rational

[u/_19911118 → u/Inevitable-Corgi-437]

If you pay attention to the news even remotely then it is not cynical at all

[u/KelVelBurgerGoon → u/Inevitable-Corgi-437]

Of course that's exactly what happened

[u/Waveytony]

Adam Silver going to get pushed around by the dude who’s job he was trying to get recently lmaoooo 😭

[u/Available_Story6774 → u/Waveytony]

Disney Bob Iger owning the Lakers now is wild af.

[u/Spacecitysavage713]

How does this effect lebrons legacy?

[u/NotAnNpc69 → u/Spacecitysavage713]

He got tf out at the right time ig lol

[u/CIark → u/NotAnNpc69]

My GOAT really got insane court vision can’t believe he saw that play coming

[u/dminus → u/Spacecitysavage713]

LeBron is now older than an NBA owner

[u/Curious-George000 → u/Spacecitysavage713]

Dr.Strange told him to leave. It was the only way!

[u/GrandPreMassacre]

Fucking what?

[u/cadecunningjam]

Fuck Kushner.

[u/Several_Hour_347]

Lmao all those Lakers fans that were so happy that they finally have a winning ownership who understands analytics end up getting fucked

[u/aqtran93 → u/Several_Hour_347]

Trump is gonna call Silver to overturn all the calls against the Lakers

[u/BenniBMN]

My team is gonna be a trump propaganda machine isn't it, should've known when we went super white

[u/NanoCurrency → u/BenniBMN]

You mean the Donald Trump Lakers?

[u/SSkilledJFK]

Yeah…fuck all that. So many pieces of shit as owners. There are pieces of shit everywhere, but god damn professional sports is getting inundated with them. If these assholes ever get to lift a trophy 🤮🤮

[u/Spyk124]

Owned by the Kushners? I hope they never win anything again. Disgusting family.

[u/maaseru]

I feel it is a full propaganda push, so not organic.

But I am always amazed about how much shit Hunter Biden still gets over a couple of laptops, a job he got thanks to his dad.

Yet the Trump or the Kushner get a free pass for stealing, rug pull and every shady deal.

[u/Johnny55]

The Doncic trade makes more sense given Miriam Adelson owns the Mavs and now Jared Kushner's brother owns the Lakers...

[u/JNerdGaming]

we dont have the worst owner in the league anymore!

[u/5adieKat87 → u/JNerdGaming]

Mavericks fans 👀

[u/EnServe31]

Silver is the worst commissioner I’ve ever seen.

[u/AetherealDe]

I think my lifetime of fandom just ended. I never had any illusions that the ownership was full of good people, but fuck rooting for a Kushner from deep in my soul.

[u/theb3arjevv]

That stroke must have really messed Mark Walter up.

Here's hoping that Iger runs the show and it's just Kushner's money in there. If not, we are about to see some drama.

[u/scooterln → u/theb3arjevv]

He’s involved in a federal investigation.

My guess is it’s not going well for him lol

[u/Straight-Rassler]

Man. Disappointing to say the least.

[u/BigBuford1337]

Bro. Lol. I’m never seeing another championship in my lifetime.

[u/TurkeyPhysique]

So Mark Walters makes $2b just for having $10b in the first place while the rest of the country stresses out trying to afford groceries. Cool system we have here.