Cyprus Mail14 Aug 2026

More, more, more: Lakers deal is the latest in sports gold rush

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....

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