One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy
Thrive Capital founder Joshua Kushner's $12.5 billion deal with former Disney CEO Bob Iger to buy the Los Angeles Lakers vaults him into an elite club.
Thrive Capital founder Joshua Kushner's $12.5 billion deal with former Disney CEO Bob Iger to buy the Los Angeles Lakers vaults him into an elite club.
BELLINGS Intelligence Score: 15
Why it matters
This is a large private investment deal involving a prominent VC and a major sports franchise, but it represents business activity rather than a structural market or regulatory event and is unlikely to materially affect credit markets or underwriting standards.
Sources
Fortune
One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy
Thrive Capital founder Joshua Kushner's $12.5 billion deal with former Disney CEO Bob Iger to buy the Los Angeles Lakers vaults him into an elite club.