00:00This is all part of Kushner's big plan to really make Thrive Eternal into a major sports capital
00:05arm in the first place. He's a sports guy and so he wanted to make this purely as like a
00:09venture
00:10firm for sports. Josh is well known for getting in early on things. He has that kind of magic
00:15hunch. Now with the Lakers and now when he's trying to go through the initial first round
00:20funding, that happens to be his entire approach to both permanent capital and previously at Thrive
00:25Capital. Really you can start to question either he wants to go into a maintained established
00:29brand like the Lakers or more so like get in early about his hunch. He knows what's going to be
00:35big,
00:36what's going to be huge. He's got really good sense for that. He does, yeah absolutely. He knew that Spotify
00:41was going to be a major music industry, a game changer and he got in early. He got in early
00:45on
00:45OpenAI. The only other question that came out this week is the Buss family. There's a question of
00:51whether Jeannie Buss has the right to say no, but whatever happens to that. Say no to the deal.
00:56Say no to her family trying to sell that part of the deal. Okay. They originally were going to sell
01:01also. It just so happened to be in tandem with this Mark Walter, Bob Iger, Josh Kushner deal.
01:05At the same time, she has the final say according to her contract and it makes sense. She's following
01:11her father's footsteps, but more importantly, she is known as like the face given her close work with
01:16her father who invented the Lakers in the first place. To have the minority stick to be a governor,
01:21you need 15%. Bob Iger and Josh Kushner did promise to keep her as a governor just for any kind
01:26of like
01:26A, like to be friendly, but also B, just to add a respect. And continuity. And continuity, absolutely.
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