All articles tagged with #jeanie buss
Jeanie Buss has filed a petition in Los Angeles Superior Court to block the sale of the Buss family’s remaining 17.8% Lakers stake by siblings Joey and Janie Buss, seeks removal of them as co-trustees, and accuses them of defying fiduciary duties and a 2017 order; a hearing is set for November 15 as Iger and Kushner move forward with their Lakers purchase.
Jeanie Buss filed in LA Superior Court to block her siblings from selling the Lakers’ remaining stake (about 17.8%) and to remove the co-trustees for breach of fiduciary duty, arguing they acted without her knowledge and in violation of a 2017 order that named her Controlling Owner. The petition seeks contempt and damages, notes the sale would undermine her control and the Lakers’ value, and sets a Nov. 5 hearing as the family feud over ownership continues amid broader sale talks with Iger/Kushner.
Commissioner Adam Silver is reportedly considering stepping in to calm the Lakers’ ongoing Buss family drama, leveraging a closer relationship with Jeanie Buss, but observers are skeptical he can fix the long-running ownership turmoil given past oversight limitations and the tangled ties to Ballmer and other parties.
Byron Scott says Dr. Jerry Buss wouldn’t be happy with the Lakers’ current ownership drama, as the Buss family fights over shares after Mark Walter’s sale to Bob Iger and Josh Kushner, which Jeanie Buss is contesting. Scott urges the new owners to emulate Buss’s fair, family-first leadership and keep the franchise’s culture intact, noting the rapid sale embarrassed the family and highlighting the tension between tradition and modern ownership.
Lakers legends share candid, somber takes on the Buss family ownership dispute as Jeanie Buss fights to block the sale of the Lakers’ remaining stake amid a bid by Josh Kushner and Bob Iger. With billions at stake, the saga hints at a possible legal battle and a future without the Buss family, drawing reflections from Byron Scott, Robert Horry, Michael Cooper and Matt Barnes on the franchise’s Showtime-era identity and what comes next for the Lakers.
Jerry Buss bought the Lakers in 1979 and turned them into a Showtime dynasty, but his 2013 death unleashed a long-running family power struggle among his six children. Jeanie Buss emerged as the successor and governor, while siblings clashed, fired executives and pursued control through courts and trusts. The saga intensified as the family moved from internal battles to a broader sale: the majority stake was sold to Mark Walter in 2025, and in 2026 the remaining Buss Family Trust minority stake was set to be sold to Bob Iger and Joshua Kushner, a move that would remove Jeanie from the governor role and likely spur new lawsuits to resolve ownership and governance.
The Lakers’ ownership saga intensifies as Jeanie Buss reportedly weighs buying out her siblings’ shares to stay governor, a move that could require keeping at least 15% ownership and may be woven into a deal with Mark Walter that would see Bob Iger and Josh Kushner take over his stake and governorship. Jeanie publicly pushed back at Shams Charania’s reporting that the siblings planned to sell, while Charania defended his reporting on a Pat McAfee appearance. Separately, Walter allegedly explored a loan against his Lakers stake with Apollo Global Management as the sale to new owners looms, underscoring the urgency to cash out and the possibility that a sale may be the cleaner outcome.
Decades of Buss family feuding over the Lakers reach a new peak as Mark Walter sells his stake to Bob Iger and Josh Kushner and the remaining Buss siblings approve a tag-along sale, threatening Jeanie Buss’s claim as Controlling Owner and potentially reshaping Lakers ownership for years to come; legal fights and trust provisions loom, with the 12.5 billion valuation highlighting the scale of the deal and possible ripple effects for the Dodgers should the sale stall or unwind.
Amid a Buss family feud over selling Lakers shares, Jeanie Buss fights to stay as team governor as siblings push the sale; the deal with Bob Iger and Joshua Kushner remains on track, with Jeanie’s governance supported by a 2017 court order and the 15% ownership rule, though a future court ruling could reshape who runs the franchise and the sale value remains at $12.5 billion.
Jeanie Buss, the Lakers’ controlling owner since 2013, faces a family dispute as her siblings plan to sell their remaining 17.8% stake to incoming buyers Josh Kushner and Bob Iger, a move that could jeopardize her 15% ownership threshold. The NBA has not yet approved the sale, and Jeanie’s camp argues that co-trustees cannot proceed without her consent, while the siblings insist they are united in selling the stake and exiting. The sale follows the 2025 transfer to Mark Walter and leaves the franchise in regulatory and leadership limbo, even as on-court fortunes waver.
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.
Jeanie Buss’s lawyers deny she will sell her Lakers stake to Bob Iger and Josh Kushner; the Buss family plans to sell its remaining shares as Iger and Kushner have already acquired a majority stake, but the deal is not yet closed and NBA ownership rules still apply.
The Lakers’ sale proceeds amid upheaval: a $12.5 billion deal shifts ownership from the Buss family to Mark Walter’s group and now to Bob Iger and Josh Kushner, prompting Jeanie Buss to challenge voting control while the franchise scrambles to finalize leadership, staffing, and basketball operations as NBA approval and ongoing investigations loom.
Jeanie Buss and her attorney pushed back on reports that the Buss siblings planned to sell the Lakers’ remaining 17.8% stake, arguing the sale cannot proceed without co-trustee approval and must preserve Jeanie’s controlling ownership amid family discord and ongoing sale chatter involving Kushner and Iger.
Jeanie Buss is attempting to block the Buss family’s remaining 17.8% stake in the Los Angeles Lakers from being sold to the Bob Iger–led group (with Josh Kushner) as part of a wider $12.5 billion deal for controlling interest; her lawyer says she must approve any sale as a co-trustee to maintain a minimum 15% ownership and calls the proposed vote void, signaling a fiduciary dispute within the family.