Investors Offer Small Stakes in Los Angeles Lakers
Listen to the story
Josh Kushner and Bob Iger want to sell small parts of the Los Angeles Lakers.
The Lakers are a famous basketball team in the United States.
A small part, or stake, will cost at least $250 million.
Josh Kushner is a businessman. Bob Iger used to run the Walt Disney Company.
The Lakers are worth about $6 billion. This is called the team's valuation.
Some people think this price is too high.
An analyst said this high price could cause problems.
The analyst said people are blaming the Buss family for the problem.
The Buss family has owned the Lakers for many years.
A sports writer named Bill Simmons also talked about the Lakers.
The analyst said Simmons was wrong about the team before.
Vocabulary15 words
- stake
- a small part of a company or team that you can own
- valuation
- the amount of money something is worth
- analyst
- a person who studies something carefully and gives an opinion
- investor
- a person who gives money to get more money later
- takeover
- when someone gets control of a company or team
- scapegoat
- a person blamed for something, even if it is not their fault
- owner
- a person who has a company or team
- deal
- an agreement between people about money or business
- billion
- a very big number: 1,000,000,000
- million
- a big number: 1,000,000
- basketball
- a sport played with a ball and two baskets
- businessman
- a man who works in business
- worth
- the value of something in money
- team
- a group of people who play a sport together
- famous
- known by many people
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Quiz
Answer key
1. Selling small stakes in the Lakers 2. $250 million 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Josh Kushner and Bob Iger want to sell small parts of the Los Angeles _____.
The Lakers are a famous _____ team in the United States.
A small part, or stake, will cost at least $250 _____.
Josh Kushner is a businessman. Bob Iger used to run the Walt Disney _____.
The Lakers are worth about $6 _____. This is called the team's valuation.
Some people think this price is too _____.
An analyst said this high price could cause _____.
The analyst said people are blaming the Buss _____ for the problem.
The Buss family has owned the Lakers for many _____.
A sports writer named Bill Simmons also talked about the _____.
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