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Owning the Lakers would provide billionaire investor Joshua Kushner with an iconic sports franchise — and a ‘powerful tax shield’

First publishedAug 16, 19:25 UTC
Last updatedAug 17, 01:09 UTC · 9m ago
11 outletFortune
Fortune6Owning the Lakers would provide billionaire investor Joshua Kushner with an iconic sports franchise — and a ‘powerful tax shield’Open ↗
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Owning the Lakers would provide billionaire investor Joshua Kushner with an iconic sports franchise — and a ‘powerful tax shield’
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5.7/10Significanceimpact & urgency
6.0/10Source trustoutlet authority
1Outletsindependent sources

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Answer

Thrive Capital founder Joshua Kushner and former Disney CEO Bob Iger stunned the sports world this week with a deal to buy the Los Angeles Lakers for a record $12.5 billion. If approved, the acquisition would provide the new owners with an iconic NBA franchise that boasts 17 championships as well as ties to legends like Magic Johnson, Kareem Abdul-Jabbar, Kobe Bryant, Shaquille O’Neal, and LeBron James.

Reported by 1 outlet — Fortune. See all sources ↓

Thrive Capital founder Joshua Kushner and former Disney CEO Bob Iger stunned the sports world this week with a deal to buy the Los Angeles Lakers for a record $12.5 billion. If approved, the acquisition would provide the new owners with an iconic NBA franchise that boasts 17 championships as well as ties to legends like Magic Johnson, Kareem Abdul-Jabbar, Kobe Bryant, Shaquille O’Neal, and LeBron James. But ownership of the Lakers would also provide tax benefits. In fact, sports teams have long been considered great tax shelters for wealthy individuals.

Read the full report at Fortune ↗

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In brief
What's the story?
Thrive Capital founder Joshua Kushner and former Disney CEO Bob Iger stunned the sports world this week with a deal to buy the Los Angeles Lakers for a record $12.5 billion. If approved, the acquisition would provide the new owners with an iconic NBA franchise that boasts 17 championships as well as ties to legends like Magic Johnson, Kareem Abdul-Jabbar, Kobe Bryant, Shaquille O’Neal, and LeBron James.
How widely is it covered?
1 outlet, average source rating 6.0/10.
When was it last updated?
9m ago.
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    Scouting report

    Owning the Lakers would provide billionaire investor Joshua Kushner with an iconic sports franchise — and a ‘powerful tax shield’

    Sources1
    TypeCoverage
    Fortune
Related in the knowledge graph
organizationJoshua KushnerorganizationMagic JohnsonorganizationNBAorganizationThrive Capital
Sources (1)
Avg source rating 6.0/10
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