NBA commissioner Adam Silver confirmed the sale of the Los Angeles Lakers to billionaire Josh Kushner and former Disney CEO Bob Iger, setting a new valuation record for a North American sports franchise.
ReadingThe next NBA franchise sale will be measured against this number. Ownership groups will recalibrate their entry prices upward by half a billion, minimum.
WatchHow fast Iger moves on front-office structure. If he installs a president of business operations from Disney within 60 days, the franchise infrastructure is about to see the same discipline that built ESPN's rights machine.