A statement has been released to ESPN by Josh Kushner and Bob Iger. They express their honor at the opportunity to become involved with a notable NBA team.

The team in question is the Los Angeles Lakers, which they describe as one of the most notable teams.

Further details on this development can be found in the original statement to ESPN, as reported by Ramona Shelburne, though local implications for Galveston are not specified in the available information.