“The leagues have opened up to private equity and loosened multiple team ownership rules, so the explosion in franchise values is not surprising,” he says. “Whether the media/streaming market holds up will be interesting to watch. Lots of uncertainty but owning an NBA team is less risky than much larger capital commitments to data centers and AI.” A team is worth whatever someone is willing to pay, and Kushner and Iger will now work to assemble the capital for the deal. The transaction comes amid extenuating circumstances for Walter, whose insurance empire is reportedly under federal investigation over the treatment and disclosure of affiliated investments. Sources tell FOS the Lakers sale is likely tied to Walter’s troubles. One source simply says “cash crunch,” while another says “the expedited process screams liquidity crunch.”
This article originally appeared on Hoops Hype: Lots of uncertainty but owning an NBA team is less …
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