Lakers governor Jeanie Buss to contest siblings’ plan to sell share to Kushner, Iger
Jeanie Buss is legally challenging her siblings' plan to sell the family's remaining stake in the Los Angeles Lakers to Josh Kushner and Bob Iger. The sale would threaten her position as the team's controlling owner, which requires a minimum 15% ownership stake.
Why it matters
The dispute involves the control of one of the most valuable franchises in professional sports and highlights internal family trust conflicts.
Los Angeles Lakers governor Jeanie Buss, pictured here in 2023, wrote that any decision to sell the family trust’s ownership stake could not be 'effectuated without approval of the current co-trustees, Jeanie, Janie and Joey Buss.' Jordan Strauss
Los Angeles Lakers governor Jeanie Buss is legally contesting her siblings’ plan to sell the family’s remaining 17.8-per-cent minority ownership stake in the team to Josh Kushner and Bob Iger, according to a letter obtained Monday by The Associated Press.
ESPN and The Athletic first reported that the siblings had voted to sell the family trust’s remaining interest in the 17-time NBA champion team purchased by their father, Jerry Buss, in 1979. The decision would end Jeanie Buss’ tenure as the Lakers’ governor because that job requires at least 15 per cent ownership of the team.
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