The Lakers were unexpectedly sold by Mark Walter this summer.
New ownership, led by Joshua Kushner and former Disney CEO Bob Iger, purchased the team for a record-setting $12.5 billion. Kushner and Iger plan to get the Lakers’ valuation to at least $30 billion within the next 10 years, according to the Wall Street Journal.
Advertisement
The investment firm led by Kushner, Thrive Capital, noted several aggressive financial projections featured in an investor presentation. The new Lakers ownership group laid out plans to expand the franchise via international growth and new local media rights opportunities.
Assuming that TV and streaming rights…
Read the full article at SPORTS.YAHOO.COM
