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Kushner buys Memphis Grizzlies minority stake

Thrive Capital investment firm founder Joshua Kushner has bought a minority stake in NBA team the Memphis Grizzlies. Kushner is the brother of White House senior advisor Jared Kushner, the son-in-law of US President Donald Trump.

The Associated Press reports that a spokesperson for the NBA franchise confirmed the purchase but did not indicate what percentage of the team Kushner had purchased.

The Grizzlies have been majority-owned since 2012 by Ubiquiti Networks founder Robert Pera.