Buss Family Sells Lakers Stake to Bob Iger, Josh Kushner
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A lifelong Democrat, Kushner keeps a low profile but has scored some big investment hits and has been involved in the NBA for years.
The Los Angeles Lakers will enter new eras on and off the court before the 2026-27 campaign. LeBron James left the franchise after eight seasons to sign with the Philadelphia 76ers.
Roughly nine months ago, the NBA Board of Governors officially approved Mark Walter’s acquisition of the Los Angeles Lakers. And now the franchise is entering another new era, but not everyone is convinced of the latest ownership change.
"My guess is he is preparing to offset a boatload of carried interest income. If you own a sports team, done correctly, you can get a deduction against income."
The move by owner Mark Walter to sell the NBA team is reopening a longstanding family divide over control of the team.
Josh Kushner recently spun out Thrive Holdings and