LeBron James and business partner plot $5B investment to launch rival NBA league

[u/paulfromatlanta]

https://www.themirror.com/sport/basketball/lebron-james-international-league-nba-1309260

[u/dukie5021]

They sold a 50% stake of the franchise at a $10b valuation. So the buss's sold their share for $5b.

Edit : not that it matters, the Lakers are still worth the entire amount that this league is being started with. But that headline/story was always misleading.

[u/TheJoser → u/dukie5021]

I thought it was a 10% stake?