Lakers Deal Caps Billionaire Rush Into Sports

Bob Iger and Josh Kushner moved from pursuing a Las Vegas NBA expansion team to agreeing within days to buy the Los Angeles Lakers in a record $12.5 billion deal. Bloomberg News Host of Sports City Randall Williams is on Bloomberg This Weekend with hosts Joe Mathieu and Carol Massar and explains that the transaction comes as Madison Square Garden Sports moves toward separating the Knicks and Rangers businesses and Jeff Bezos joins a group taking a minority stake in Liverpool, underscoring investor demand for scarce live-sports assets. (Source: Bloomberg)