Josh Kushner has sold his stake in the Memphis Grizzlies to acquire a similar stake in the Miami Heat, as confirmed by a source to the New York Post. Kushner, founder of Thrive Capital and worth an estimated $3.8 billion, previously invested in the Grizzlies in 2019; Thrive recently surpassed $25 billion in assets under management and has early investments in notable companies like OpenAI and Spotify. He holds approximately 66 percent of Thrive, which has prominent backers including Disney CEO Bob Iger and KKR co-founder Henry Kravis.
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Jonas Valanciunas has confirmed his commitment to play for the Denver Nuggets next season after being traded from the Sacramento Kings, despite interest from Greek EuroLeague team Panathinaikos. Valanciunas aims to honor his contract and provide valuable support to MVP Nikola Jokić, addressing previous speculation about his future with the team. Need More Context? 🔎
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