Buss Siblings push Lakers sale amid Jeanie’s clash over control
TL;DR
The Buss siblings (Jim, Johnny, Janie, Joey and Jesse) announced they intend to sell the family’s remaining Lakers stake to Bob Iger and Josh Kushner, part of a deal that would leave the buyers with a controlling majority of the franchise. Jeanie Buss, the Lakers’ controlling owner, disputed the sale in a lawyer’s letter, arguing the co-trustees must maintain her 15% ownership and that any vote to sell would be void. The situation sets up a legal and governance clash that still requires NBA Board of Governors approval and hinges on the ongoing deal with Iger and Kushner.
- Buss family refutes Jeanie, states clear intention to sell Lakers New York Post
- Five Buss siblings 'united' in decision to sell Lakers shares ESPN
- Mark Walter’s Tenure as Lakers Owner Was Reportedly ‘Weird’ Yahoo Sports
- Lakers governor Jeanie Buss says siblings cannot sell family’s stake to Bob Iger, Joshua Kushner cnbc.com
- Fallout from the Lakers’ sale already reverberating throughout the organization The New York Times
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