American businessman, formerly a legendary NBA star
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.
The Independent and AP News report on upcoming SNL hosting gigs and musical guests, highlighting Brunson’s hosting debut with Katseye, Dakota Johnson promoting Verity, Oct. 3 Turnstile appearance, Navarrette’s Halloween return, and Abrams returning as musical guest. SNL UK refreshes with Freddie Meredith joining the cast and Jeff Goldblum hosting season two.
Jalen Brunson has hosted Saturday Night Live, becoming the first Knicks player to host since 2007. The episode opened the Knicks’ season after their title victory, featuring questions from Brunson’s teammates in the monologue and a series of sketches.
Nike has unveiled its Pace plan to cut costs and streamline operations, signaling further layoffs start in 2027 as it reorganizes into three geographies. The move follows disappointing Q1 results, with revenue down and profit slipping, while Nike seeks to bolster its Sportswear, Jordan Brand and Greater China segments. Details on extent of job cuts remain unclear.
A game-worn, autographed Michael Jordan Bulls jersey from the 1998 NBA Finals has sold in a private deal for around $14 million, traded to Ron Firman of Miami. The sale cements the piece as the second-highest price for a game-worn jersey, behind Babe Ruth’s 1932 World Series jersey at $24.12 million. Hunt Auctions says the jersey’s history and Jordan’s Last Dance season underwrite the price.
The Valkyries have won the WNBA title in their second season, defeating the Atlanta Dream 68-63 in Game 7. Gabby Williams leads with 30 points, 28 in the second half, securing MVP honors as Golden State clinches its first championship.
Victor Wembanyama posts a career-best 52 points with 24 rebounds and eight blocks as the Spurs beat the Mavericks 112-111, marking their sixth straight win. He shoots poorly from three but says he can do more, and he aims to build on this momentum after recent Olympic heartbreak and a Finals run.