Buss siblings respond to their sister Jeanie, reiterate intent to sell family's remaining share of Lakers despite her objection
Yahoo Sports • • sports
Key Points:
- Five Buss siblings—Jim, Johnny, Janie, Jesse, and Joey—plan to sell their collective 17.8% share of the Los Angeles Lakers despite legal objections from their sister Jeanie Buss.
- Jeanie Buss, the current team governor, challenged the sale through her lawyer, claiming any sale without approval from all co-trustees is void and demanding recognition as the controlling owner.
- The Buss family’s ownership has been fractured since their father Jerry Buss’s death in 2013, with ongoing legal disputes and power struggles, including a 2017 executive shakeup and attempts to remove Jeanie as controlling owner.
- The Lakers have struggled competitively since Jerry Buss’s passing, missing the playoffs seven times in 13 seasons and winning only one NBA title, reflecting instability amid family conflicts and ownership changes.
- The proposed sale of the remaining family stake could result in Jeanie losing her governor position, as NBA rules require a minimum 15% ownership stake to hold that role.
