In a separate deal, Kushner's former Harvard classmate Brandon Arrindell also bought a small piece of the Grizzlies. My sources did not know Arrindell's stake or valuation of former classmates at Harvard, though they are believed to be comparable to Kushner's. For both the Kushner and Arrindell deals my sources did not know who the sellers were.
Typically, the small pieces of sports teams are sold at discounts—anywhere from 20% to 30%—to what a controlling interest would fetch because limited partners usually have no say in how the team is run, yet may have to make capital calls. The size of the discount depends on how profitable the team is, how much faith the LPs have in the general partner, what, if any dividends investors could expect, and the team's financial prospects.
Advice I’ve given my boys over the years: THINK like an owner. DRESS the position you want to be in. ACT in the manner those positions would require. SURROUND yourself w/good people. Have INTEGRITY. Be a GOOD HUMAN. Watch, listen, learn, and NEVER NEVER NEVER GET OUT -WORKED!
And off course it had nothing to do with jaredkushner being an advisor to realDonaldTrump😉.
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