Lakers Sale Moves Forward as Buss Family Plans Exit, Jeanie’s Governor Role in Jeopardy

The Buss family intends to sell its remaining Lakers shares, which would force Jeanie Buss to relinquish her governor title under NBA rules and end the Buss era after decades with the franchise. The sale follows Mark Walter’s deal to transfer controlling ownership to Bob Iger and Josh Kushner at a $12.5 billion valuation. The Buss Family Trust must secure at least four of six votes to authorize the sale, with trustees including Jeanie, Janie and Joey Buss; if completed, ownership would shift away from the Buss family and Jeanie’s governorship would likely end, though it’s unclear how she voted or what role she’ll play going forward.