American NBA team, current owner stakes under scrutiny as sale and probe swirl
Mark Cuban has alleged that Patrick Dumont is engaging in adversarial business practices as the Mavericks plan a move 10 miles north to a former Dallas mall site. Cuban says he was contracted to oversee basketball operations but Dumont granted Nico Harrison full control, and a trade involving Luka Doncic in 2025 is cited as a failing decision. An option to buy land for a new arena opens in 2031.
LeBron James has joined the Philadelphia 76ers for a two-year, $8 million deal, beginning his record-extending 24th NBA season. He has stated he is not chasing money or family, but aims to help the Sixers win a championship and energize a new fan base.
LeBron James has confirmed a move to the Philadelphia 76ers for a two-year deal. Donald Trump has publicly commented on who is the best ever, favoring Michael Jordan. The news follows James’s eight-season run with the Lakers and marks a new chapter in his career.
Kuminga remains locked in negotiations over a sign‑and‑trade that would require a multi‑year deal. The Lakers are viewed as a potential destination, but any agreement hinges on the forward accepting a longer contract at a reduced annual rate, with the clock ticking as teams balance value and fit.
A French trans player Tetart, aged 34, says she would consider playing in the WNBA if allowed by country, while debates over transgender participation in women’s sports continue. Tetart led France’s Ligue 2 last season with 21.2 points and 20.2 rebounds per game, earning multiple player awards.
Don Nelson, a Hall of Fame basketball coach and longtime Mavericks figure, has died at 86. Family statements describe him as beloved husband, father and grandfather. Nelson leaves a legacy as a pioneering coach who popularized fast-paced play and Nellie Ball, influencing teams and players across the league.
Don Nelson, a Hall of Fame coach who revolutionized NBA offense with a fast, versatile game, has died at 86. He led Milwaukee, Dallas and Golden State to extensive success, shaped star careers like Dirk Nowitzki and Steph Curry, and left a lasting mark on the sport.
Nvidia has enlisted six Wall Street firms to finance a $500 billion buildout of AI infrastructure, treating compute as a new asset class. The plan centers on financing data centers and GPU clusters for customers unable to pay upfront, with OpenAI-related projects and neoclouds in focus. Executives cite long-term value and revenue generation, while cautions focus on depreciation risk and China’s potential price competition.
The Knicks will host the 76ers on Oct. 20 to raise their 2023-24 championship banner, then begin the NBA Cup schedule with a group-stage game against Philadelphia in New York. The league has released a partial schedule, with key Christmas and opening-night matchups revealed and full details due Thursday.
Bob Iger and Josh Kushner have agreed to buy the Los Angeles Lakers from Mark Walter in a transaction valuing the franchise at about $12.5 billion. The sale has been announced this week, requires approval from the NBA Board of Governors and is subject to due diligence and Kushners divestment of a Miami Heat stake.
Russell Westbrook has announced his retirement after an 18-year career that included a 2016-17 MVP season, 42 triple-doubles in a season, and stints with several teams, including the Thunder, Rockets, Wizards, Lakers, Clippers, Nuggets and Kings. The farewell video, narrated by Michael B. Jordan, marks the end of an era.
AP and other outlets report that the PWHL’s replica Walter Cup has gone missing in transit en route to Lethbridge, Alberta, delaying a public event with Victoire forward Dara Greig. The original trophy remains at the Hockey Hall of Fame in Toronto.
TWG Global, led by Mark Walter, faces federal investigations into affiliated-party loans within its insurance units. A spate of statements from TWG insists there is no fraud, while reports tie Walter to a growing web of sports franchises and high-profile deals, including the Lakers sale. Regulators are examining whether related-party transactions were properly disclosed.
The Buss siblings are contesting the sale of the Lakers while Joey and Jesse Buss have secured a minority stake in the San Diego Padres. Jeanie Buss argues the sale is void, citing fiduciary concerns. The ownership shift unfolds as the Padres deal brackets a broader family-dynasty moment in Southern California sports.
NFL owners approve the Seattle Seahawks sale to a Vinod Khosla-led group for $9.612 billion, a record franchise deal. The estate of Paul Allan arranged terms in July following the late owner’s wishes. The move cements Khosla’s long-term plans: keep winning, pursue another Super Bowl, and learn from management as the new stewardship begins.
UEFA has filed court papers seeking discovery in a Manhattan case against Infantino and FIFA officials over the now-abandoned FIFA Forward Enterprise (FFE) plan. The move signals potential Swiss criminal proceedings and widens the scrutiny of FIFA’s commercial assets. Kushner and Thrive Capital are central to the dispute, with UEFA asking for documents and depositions as part of the case.