Billionaire tech investor Joshua Kushner, the founder and managing partner of Thrive Capital, has purchased a minority stake in the Heat, the team confirmed today (Twitter links via Barry Jackson of The Miami Herald).
Puck News, which first reported the transaction, said Kushner will control less 5% of the Heat. Those shares will not come from majority owner Micky Arison, per the team.
According to Thomas Barrabi of The New York Post, Kushner actually purchased his stake in the Heat last year. He was previously a minority shareholder in the Grizzlies, but he sold that stake to become part-owner of Miami.
As both Jackson and Barrabi observe, Kushner owns a home in Miami with his wife Karlie Kloss. He’s the brother of President Trump’s son-in-law Jared Kushner, who served as an adviser to Trump during his first term.
Great more trash owners. I mean really most of the owners of NBA teams seem like the type of people that hate the NBA…
Chill dude he owns less than 5% of the team. Thats like complaining Apple is trash simply because my drunk uncle Bob has shares of it in his portfolio.
No, it’s not. 5% is a sizable stake in any large company. If your alcoholic uncle was linked to people who have been convicted of fraud and are just generally kleptocratic shady business people who deal with foreign countries like Bonesaw Arabia *and* owned $5b in Apple stock, then you might have a case.
Oh great more scum in the NBA
Gross, get all these scammers out of pro sports!
Doesn’t Nike still run sweat shops in Indonesia and Vietnam?
Yes a large amount of the money in the NBA from the owners and corporate partners is dirty money.
Trae Young & Georges Niang to Miami for Terry Rozier, Duncan Robinson, #20 pick, Mia’s 2029 1st & Mia’s 2031 1st
I dont think Rozier can or will be traded until the gambling investigation is done since he could face a lifetime ban if its proven.
Only in 2025 do fans cry about minority owners who have no power because of their politics or last name.
So we shouldnt care that the trash rich people able to buy influence that are ruining our country and world buy into and ruin the sports we love? I mean its literally called sports washing and the Saudis and all kinds of other murderous repressive dictators do it.
How many majority owners across the 4 major sports are just as bad?
These leagues mean more, and get favorable anti trust designations, because they are national institutions, but these people treat them like any other business when they should respect the responsibility of beings stewards of a team they really dont own compared to the fans and cities. You should be required to be better to get a chance to own one of the select teams in our national sports, especially since they are amazing investments that almost always make owners huge profits over time.
Another bootlicker who thinks billionaires are totally fine. Brainwashed into thinking they’re not the problem when we live in an oligarchy. Free your mind.
This gotta be a troll, DDC…cmon man
I heard “Kushner” and thought, “no couldn’t be those Kushners, right?” Wrong.
Gross family, I wonder if this guy is an unregistered foreign agent too?
father is a convicted fraud… brother is scum… in laws are scum… wtf was Micky thinking? Micky hates these type of people…. he’s 100% against this crap in any other form…