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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

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