What is Thrive Eternal?

Thrive Eternal is an investment vehicle under Thrive Capital, focusing on large investments in sports and media.

Has the NBA officially announced expansion plans?

The league has not officially announced a timeline, but Commissioner Adam Silver has indicated Las Vegas and Seattle as leading candidates.

How will this affect Disney's stock?

There is no direct impact on Disney's stock at this time, as the bid is personal to Iger and not related to Disney.

Bob Iger and Joshua Kushner Eye Majority Stake in Las Vegas NBA Expansion Team

Bob Iger and Joshua Kushner are exploring a majority investment in a Las Vegas NBA expansion team via Thrive Eternal. The deal is still in early stages.

June 29, 2026

2 min read

Source: GuruFocus.com

Reports indicate that Bob Iger, former CEO of Walt Disney (DIS), and Joshua Kushner, co-founder of Thrive Capital, have discussed making a majority investment bid through Thrive Eternal to acquire an NBA expansion team in Las Vegas.

Details

According to sources, Iger and Kushner are considering a significant investment to secure the rights to a new team in Las Vegas, a top candidate for NBA expansion. Financial terms and the exact stake have not been disclosed.

Context

The NBA is expected to expand, with Commissioner Adam Silver frequently naming Las Vegas and Seattle as leading candidates for new franchises. Iger has sports industry experience from his tenure at Disney, which owns ESPN. Kushner, brother of Jared Kushner, has previously invested in sports ventures.

What It Means for Investors

While the bid is preliminary, the involvement of high-profile figures like Iger and Kushner underscores the growing appeal of professional sports investments. This does not directly impact Disney's stock performance at this stage.

Frequently Asked Questions

Bob Iger is the former CEO of Walt Disney, and Joshua Kushner is the co-founder of Thrive Capital.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.