Sports Business

Club owners approved the sale of the Seattle Seahawks to an investor group led by billionaire Vinod Khosla. The amount paid places the deal in second place on the list of the largest sales of sports teams in the US.

The Los Angeles Lakers basketball club has been sold to businessmen Josh Kushner and Bob Iger for $12.5 billion. This marks a new record valuation for a professional sports team.

The Recanati family has initiated the sale of a 29% stake in the Maccabi Tel Aviv basketball club. American businessman Jason Levien and Rapyd founder Arik Shtilman are competing for the controlling interest.