One of the most famous teams in the world is about to change hands for the second time in less than a year for more than $12bn. Will anyone push back?
One of the most brutal lessons we must learn as fans is that the team we shed blood, sweat and tears for is seen by those who own it as just one of many assets. That gap has never felt as wide as it does this week. On Wednesday, ESPN reported that the Los Angeles Lakers are set to change hands, for the second time in 10 months, for $12.5bn, a sum that would be a record for any North American sports team. (The deal must be approved by the NBA’s board of governors before it can go through.) The buyers aren’t diehards who saved up every penny like the good Dr Jerry Buss in the 1970s. Those days are gone. If and when the deal is approved, the new owners will be venture capitalist Josh Kushner and his business partner, Bob Iger. Kushner is the younger brother of Jared Kushner, the titleless Wormtongue to Donald Trump’s Saruman. Iger used to run Disney. These men have connections across the political world and influence in every corner of the American empire. A franchise woven into a city’s identity should never become an asset vastly…
Mark…
