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News
NBA Veteran Harrison Barnes Buys Bank In His Home State Of Iowa For $25M
1+ week, 4+ day ago (145+ words) The NBA’s Harrison Barnes has made an investment that hits close to home. In preparation, he aligned himself with Iowa-based banking professionals. During the most recent NBA Finals, Barnes even enrolled in the Iowa School for Banking through the Iowa…...
Lakers Elevate Associate GC Joshua Green to General Counsel
2+ week, 1+ day ago (180+ words) Green's promotion comes as members of the Buss family battle over control of the NBA franchise as a proposed $12.5 billion sale looms. The Los Angeles Lakers have promoted longtime in-house lawyer Joshua Green to general counsel, elevating an attorney who…...
LeBron James $300 Million Deal Explained: Future Lakers Owner Mark Walter’s Guggenheim Link Revealed
2+ week, 3+ day ago (368+ words) LeBron James’ business empire was linked to Mark Walter’s Guggenheim Partners years before Walter became a Lakers owner. In 2018, James’ LLC raised nearly $300 million through bonds backed by his non-NBA income, followed by another similar deal in 2022. The NBA confirmed…...
Lakers minority owner has no plans to sell 4% stake - AOL
2+ week, 4+ day ago (425+ words) Billionaire Dr. Patrick Soon-Shiong does not intend to sell his minority stake in the Los Angeles Lakers amid a high-profile sale of the franchise. Soon-Shiong's family attorney, Chuck "Tiger" Kenworthy, said in a statement to ESPN on Thursday his client…...
New Reporting Reveals LeBron James Borrowed $300 Million Against His Future Earnings Back In 2018 (And A Strange Guggenheim Coincidence)
2+ week, 4+ day ago (1240+ words) In July 2018, LeBron James signed a four-year, $154 million contract with the Los Angeles Lakers. LeBron moving from Cleveland to Los Angeles was one of the biggest sports stories of the year. But, as it turns out, that was not the…...
Josh Harris calls Lakers’ $12.5 billion valuation justified
2+ week, 4+ day ago (237+ words) In June 2025, Guggenheim Partners CEO Mark Walter agreed to acquire a controlling stake in the Lakers from the Buss family. At the time, the deal valued the team at $10 billion, which was a record valuation for a sports franchise. Thus,…...
$6m Kobe Bryant investment made earned his family hundreds of millions before his death
3+ week, 1+ hour ago (506+ words) Kobe Bryant’s off-court business moves proved just as ambitious as his legendary NBA career Kobe Bryant earned hundreds of millions during his legendary basketball career, but one of his smartest financial moves came away from the NBA court. The Los…...
The man selling the Lakers: Mark Walter???s unravelling empire
3+ week, 17+ hour ago (78+ words) The man selling the Lakers: Mark Walter’s unravelling empire Insurance Nerds Private Capital Targets Insurance for Profit Growth A recent analysis suggests that private capital investors are increasingly viewing insurance as a sector ripe for enhancing profitability. The report raises…...
Lakers minority owner has no plans to sell 4% stake
3+ week, 1+ day ago (425+ words) Billionaire Dr. Patrick Soon-Shiong does not intend to sell his minority stake in the Los Angeles Lakers amid a high-profile sale of the franchise. Soon-Shiong’s family attorney, Chuck “Tiger” Kenworthy, said in a statement to ESPN on Thursday his client…...
Timberwolves Get New Controlling Owner In Blockbuster $4.5 Billion Deal
3+ week, 1+ day ago (511+ words) The Minnesota Timberwolves and Minnesota Lynx are going through another major ownership change, with billionaire investor Marc Stad set to become the controlling owner and largest shareholder of both franchises in a blockbuster deal, with the teams being valued at…...