Lakers controlling owner Jeanie Buss opposes sale of family’s stake to Bob Iger, Joshua Kushner
The sale would end nearly five decades of Buss family control and leave Jeanie Buss without the 15% stake required to remain governor.
- Lakers governor Jeanie Buss is legally contesting her siblings’ plan to sell the Buss family’s remaining 17.8% stake to Josh Kushner and Bob Iger, arguing that the transaction requires approval from the family trust’s co-trustees.
- Because NBA rules require a governor to hold at least a 15% ownership stake, the sale would effectively end Jeanie Buss’ tenure as the team’s governor if completed.
- Mark Walter agreed to sell the Lakers to Iger and Kushner for $12.5 billion, just 14 months after acquiring controlling ownership from the Buss family at a $10 billion valuation.
- The family has been involved with the Lakers since Jerry Buss purchased the franchise in 1979, but the proposed sale of its remaining stake would bring that nearly five-decade relationship to a close, subject to NBA approval and the ongoing legal dispute.
197 Articles
197 Articles
Siblings Double-Down on Sale of Lakers, Despite Jeanie Buss Opposition
The five Buss family siblings seeking to sell the family’s remaining stake in the Lakers were moving forward Wednesday with their plans despite opposition from current team governor/CEO Jeanie Buss. In a statement sent Tuesday to ESPN and other outlets, Jim, Johnny, Janie, Joey and Jesse Buss said the Lakers “have never been just a basketball team. They have been one of the greatest privileges of our lives.” “Our focus has always been on what we…
Welcome to the Latest Chapter of the Buss Family Circus
The Lakers and the Busses have been inseparable since 1979. But in recent decades, that relationship has been defined by sibling squabbles and legal battles—and now a contested sale that could end the family’s claim on the franchise once and for all.
5 Buss siblings defy sister, Jeanie, push Lakers sale
LOS ANGELES — Five of the six children of former Los Angeles Lakers owner Jerry Buss still intend to sell their remaining minority ownership of the NBA team despite the opposition of their sister, Jeanie. Johnny, Jimmy, Janie, Joey and Jesse Buss reiterated their stance Tuesday in a statement issued to ESPN, saying they “remain united in that decision. … We intend to move forward thoughtfully, respectfully and through the appropriate process.” T…
Buss siblings double-down on sale of Lakers, despite Jeanie Buss’ opposition - Los Angeles Wave Newspaper Group
Wave Wire Services LOS ANGELES — The five Buss family siblings who announced plans to sell the family’s stake in the Lakers insisted Aug. 18 they intend to move forward with the sale, despite opposition from current team governor/CEO Jeanie Buss. In a statement sent to ESPN and other outlets, Jim, Johnny, Janie, Joey and Jesse Buss said the Lakers “have never been just a basketball team. They have been one of the greatest privileges of our lives…
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