The Billion Dollar Shield: Why Joshua Kushner's Lakers Deal Smells Like a Tax Dodge Joshua Kushner's acquisition of the Los Angeles Lakers has sent shockwaves through the sports world.
Beneath the glamour and prestige of owning an iconic franchise lies a more sinister motive: a powerful tax shield.
Kushner's deal is not about investing in sports teams as an asset class, but rather a way to offset his massive carried interest income.