The Los Angeles Lakers have been sold for a record $12.5 billion, the latest sign that huge pools of institutional money are flooding into professional sports.

An Expert on Conflict Says Your Relationships Are Doomed Without It

This is what the news should sound like. The biggest stories of our time, told by the best journalists in the world. Hosted by Michael Barbaro, Rachel Abrams and Natalie Kitroeff. Twenty minutes a day, six days a week, ready by 6 a.m. 

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher.

Podtrac