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BC-BKN--Grizzlies-Minority Owners

March 23, 2019
Businessman Joshua Kushner has purchased a minority stake in the Memphis Grizzlies. A Grizzlies team spokesman has confirmed that Kushner and Brandon Arrindell “recently, in their respective individual capacities” purchased minority stakes in the franchise. Kushner is the brother of Jared Kushner, who is President Trump’s son-in-law. The Grizzlies haven’t said how much of a stake they purchased.

MEMPHIS, Tenn. (AP) — Joshua Kushner, the brother of President Trump’s son-in-law, has purchased a minority stake in the Memphis Grizzlies.

A Grizzlies team spokesman has confirmed that Kushner and Brandon Arrindell “recently, in their respective individual capacities” purchased minority stakes in the franchise.

The Grizzlies haven’t said how much of a stake they purchased.

Kushner is the younger brother of Jared Kushner, who serves as a senior adviser to Trump.

Joshua Kushner is a venture capitalist who founded the Thrive Capital investment firm.

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