Jeanie Buss contesting family's sale of stake in Lakers
Jeanie Buss is legally contesting her siblings' decision to sell the remaining Buss family stake in the Los Angeles Lakers to a group led by Josh Kushner and Bob Iger. The dispute centers on whether the sale violates previous court-mandated governance agreements and could impact Buss's status as the team's controlling owner.
Why it matters
The ownership structure of a major professional sports franchise is a high-stakes business and legal matter with significant implications for the team's future leadership.
LOS ANGELES -- Los Angeles Lakers governor Jeanie Buss is contesting her siblings' vote to sell the family's remaining 17.8% share of the Lakers, according to a letter from her lawyer obtained by ESPN.
ESPN's Shams Charania reported earlier Monday that the Buss family voted to sell their remaining shares to Josh Kushner and Bob Iger at the same $12.5 billion valuation that Mark Walter agreed to last week. They believe they have the right to sell based on a tag-along provision that had been included in the previous sale to Walter in June 2025. Sources told ESPN that provision gave the family rights to tag along on any sale and valuation Walter secured for his shares.
Jeanie Buss, through her lawyer Adam Streisand, is contending that a court ruled in 2017 that no sale could be "effectuated without approval by the co-trustees, i.e. Jeanie, Janie and Joey Buss."
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