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Jeanie Buss contests family vote to sell remaining Lakers stake
A legal and familial dispute has emerged over the ownership of the Los Angeles Lakers following a proposed $12.5 billion sale. The transaction involves investor Josh Kushner and former Disney CEO Bob Iger acquiring a majority stake from current owner Mark Walter.
Jeanie Buss, the team's current governor, is contesting the sale of the Buss family's remaining 17.8 percent stake. While five of her six siblings—Johnny, Jimmy, Janie, Joey, and Jesse—voted in favor of the sale, Jeanie's legal counsel argues that a 2017 court ruling requires the approval of co-trustees Jeanie, Janie, and Joey Buss for any such transaction. Her attorney has threatened legal action, including injunctions and contempt of court, if the sale proceeds without her consent.
If the sale is finalized, Jeanie Buss may be forced to step down as governor, as NBA rules require a controlling governor to maintain at least a 15 percent ownership stake. The dispute has created uncertainty within the franchise, potentially impacting basketball operations and recruitment during the upcoming season.
Entities
Bob Iger · Jeanie Buss · Josh Kushner · Joshua Kushner · Los Angeles Dodgers · Los Angeles Lakers · Luka Dončić · Mark Walter · Thrive Capital
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 8 SOURCES] Bob Iger and Josh Kushner purchased the Los Angeles Lakers from Mark Walter. www.parlons-basket.com · www.juedische-allgemeine.de
- [● 3 SOURCES] Internal investigations found that $21 billion in loans made by Walter's insurers should have been recorded as related-party transactions. eldiariodechihuahua.mx
- [● 3 SOURCES] Mark Walter is facing a federal probe regarding his businesses, including Delaware Life and Clear Spring Life and Annuity.
- [● 5 SOURCES] Luka Doncic is the central player for the Lakers following the departure of LeBron James.
- [● 2 SOURCES] The acquisition of the Lakers may serve as a significant tax shield for the new owners.
- [● 21 SOURCES] The Los Angeles Lakers were sold for a record $12.5 billion. www.parlons-basket.com · www.juedische-allgemeine.de · time.news · www.eurohoops.net · fanbuzz.com · +7 more
- [● 3 SOURCES] Mark Walter faced legal and financial issues involving his businesses at the time of the sale. www.parlons-basket.com · www.juedische-allgemeine.de
- [○ 1 SOURCE] Mark Walter and Todd Boehly are looking to sell their stakes in Chelsea Football Club to Clearlake Capital.
- [DISPUTED] Jeanie Buss will lose her role as Lakers governor because she will no longer meet the 15 percent ownership threshold. www.eurohoops.net · fanbuzz.com · www.hoopsrumors.com · time.news · chicago.suntimes.com · +5 more
- [● 18 SOURCES] The Buss family is selling its remaining 17.8% ownership stake in the Los Angeles Lakers to Bob Iger and Josh Kushner. time.news · www.eurohoops.net · fanbuzz.com · www.hoopsrumors.com · www.mundodeportivo.com · +8 more
- [● 6 SOURCES] Jeanie Buss did not vote to sell the remaining stake, but her five siblings did. time.news · www.nbapassion.com · www.excelsior.com.mx
- [● 4 SOURCES] Bob Iger and Josh Kushner will hold approximately 83% ownership of the Lakers following the transaction. www.gazetaesportiva.com · cweb.com · time.news · 24-ore.com