started · updated
Jeanie Buss challenges siblings' plan to sell Lakers minority stake
A leadership dispute has emerged within the Buss family regarding the ownership of the Los Angeles Lakers. Five siblings—Janie, Jim, Johnny, Jesse, and Joey—have decided to sell the family’s remaining 17.8% stake to a group including Bob Iger and Josh Kushner.
Jeanie Buss, the team’s current governor, was reportedly not part of the vote to sell. Because NBA regulations require a governor to maintain at least 15% ownership, the sale of these shares by her siblings could effectively remove her from her position. Jeanie Buss intends to challenge her siblings' attempt to sell the minority stake.
NBA Commissioner Adam Silver is expected to intervene in the crisis to mediate between the parties. Silver maintains close relationships with both Jeanie Buss and Bob Iger, a dynamic that may complicate his efforts to resolve the conflict. The situation follows a history of instability and internal disputes within the Buss family ownership structure.
Entities
Adam Silver · Bob Iger · Jeanie Buss · Los Angeles Lakers · NBA