- The NBA amended its private-equity investment rules to permit a private equity firm and its executives to invest together in one franchise.
- Under the revised framework, a firm that invests alongside an executive cannot hold an interest in another NBA franchise.
- The league declined to comment in the report; Thrive Eternal did not respond.
- Joshua Kushner and Bob Iger had an agreement to acquire the Lakers at an estimated $12.5 billion valuation.
- The previous restriction raised questions about whether Thrive Eternal and Kushner personally could both commit capital.
- The amendment reportedly removes that hurdle, though the transaction still needs NBA Board of Governors approval.
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