Bob Iger and Josh Kushner are buying the Lakers at a $12.5 billion valuation — the highest price ever paid for a sports…
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Bob Iger and Josh Kushner are buying the Lakers at a $12.5 billion valuation — the highest price ever paid for a sports team. Six weeks ago they were reportedly bidding on a Las Vegas expansion franchise, projected at $7 to $10 billion. They paid a premium instead for a team with 78 years of history. This tracks with Thrive Eternal’s thesis — a permanent capital vehicle built to hold “assets with qualities that cannot be replicated by technology.” My bet: you’ll see a wave of copycat funds by…
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