Jeanie Buss, her lawyer, push back on report Buss family to sell remaining stake in Lakers
Key Points:
- The Buss family reportedly voted to sell their remaining 17.8% stake in the Lakers to Joshua Kushner and Bob Iger, which would end the family's ownership that began in 1979 and force Jeanie Buss to step down as team governor due to league ownership rules.
- A follow-up report claimed that five Buss siblings pressured Jeanie Buss into approving the sale, but Jeanie and her attorney strongly denied this, citing legal rulings that prevent the sale without unanimous approval from the co-trustees Jeanie, Janie, and Joey Buss.
- The six Buss siblings hold their shares through a complex trust, meaning any sale must be agreed upon collectively, complicating individual ownership and sale decisions.
- Kushner and Iger, the prospective new owners, initially said they would honor the previous agreement to keep Jeanie Buss as governor, but Iger acknowledged that circumstances could change.
- The dispute appears rooted in differing family interests, with Jeanie Buss wanting to maintain her controlling role in the Lakers, while other family members seem inclined to exit the ownership.