The Miami Heat are about to undergo some changes both on and off the court this season. Not only did they (basically) hand over the franchise to Giannis Antetokounmpo (on the court), but they might be getting a new minority owner (off the court) too.
From the business side of things, specifically, that's all thanks to the bombshell sale of the Los Angeles Lakers.
On the Brian Windhorst and Hoop Collective podcast, it was mentioned that Josh Kushner, after being part of the ownership team that acquired the Lakers, will now move to sell his minority owner's share of the Heat. As simple as it sounds, it's not necessarily something that has been all too common for the Heat organization.
"Josh Kushner is a minority owner of the Heat and previously held a piece of the Grizzlies, so he has already been vetted and approved by the NBA — but he must sell his Heat stake before he can buy into the Lakers, and Windhorst notes Miami is a closely held team that rarely moves shares, so that could take time."
The Heat might be about to get a new minority owner
Kushner originally bought his stake in the Heat back in 2024. Depending on how this all plays out, the Heat could have a new minority owner now that he must sell it.
Kushner reportedly owns less than five percent of the Heat, but it will be interesting to see what the next move is. Could these shares be sold to majority owner Mickey Arison? Or perhaps to one of the other minority owners? It's tough to tell at the moment, especially as the dust continues to settle around the Lakers' sale, but it's certainly one storyline to keep in mind heading into the start of this upcoming season.
The good news for Kushner is that there may not be a better time to sell than now. And not just because the Lakers' sale may have completely reset the market for NBA franchises. But also because the Heat's value likely just increased after the acquisition of Giannis.
It's unlikely that much is going to change in the day-to-day operations for the Heat, unless this could snowball into a bigger move by the Heat's ownership. But that's highly unlikely.
Nevertheless, it is interesting that things could change, even if it is just a little, in the Heat's ownership dynamic after the record-breaking sale of the Lakers.
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