Bill Simmons, founder of The Ringer, reported that investor Josh Kushner remains $5-6 billion short of the funds needed to complete a purchase of the Los Angeles Lakers, according to a story published on Awful Announcing.
Simmons indicated that Kushner's group has not yet assembled the necessary capital to meet the franchise's valuation, which is among the highest in the NBA.
The Lakers, owned by the Buss family, have not publicly commented on any potential sale.
