The blockbuster sale of the Los Angeles Lakers this week keeps alive a sports gold rush among North America’s billionaire elite, with pricey media rights, skyrocketing attendance and insatiable fans helping drive prices sky-high.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the team, with the deal valued at a record $12.5 billion and pending approval from the National Basketball Association’s Board of Governors.
