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The $12.5 billion sale of the Los Angeles Lakers has unleashed a family feud.
The Buss children are at it again.
Jeanie Buss, 64, took over as the team’s governor and controlling owner in 2013 after the death of her father, Jerry, the team’s longtime and celebrated owner. She sued in 2017, alleging that two other brothers tried to oust her. Now Jeanie Buss is fighting to hold on to that power.
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She is one of six siblings and apparently is outnumbered. Her five siblings issued a statement saying they plan to sell the family’s remaining 17.8% in the Lakers to the incoming owners — venture capitalist Josh Kushner and former Disney CEO Bob Iger.
The 17.8% is how much the Buss children retained after selling the team to Mark Walter in June 2025 on a valuation of about $10 billion. The terms of that sale stipulated that Jeanie Buss was to remain the team’s governor for at least five years following the sale.
But that plan looks to be in jeopardy after Walter sold the team to Kusher, brother of Donald Trump’s son-in-law Jared, and Iger. NBA rules require a team’s governor have at least 15% ownership. If her siblings are allowed to sell their shares, Jeanie Buss won’t meet the threshold needed to oversee the team.
The NBA has not yet approved the sale and it could take months to resolve.
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Joshua Kushner makes a bold move from investor to NBA owner
Founder and Managing Partner of the venture capital firm Thrive Capital, Joshua Kushner, speaks during the Hill & Valley Forum at the US Capitol Visitor Center Auditorium in Washington, DC, on April 30, 2025. The Los Angeles Lakers, one of the most successful teams in NBA history, are being sold to former Disney CEO Bob Iger and investor Joshua Kushner in a deal valued at a reported $12.5 billion. The sale announced on August 12, 2026 would mark a record-breaking valuation for a North American sports franchise and comes only about a year after billionaire Mark Walter agreed to buy a controlling interest in the team in a then-record $10 billion deal.
(BRENDAN SMIALOWSKI, AFP via Getty Images)
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Joshua Kushner makes a bold move from investor to NBA owner
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Source link : https://sports.yahoo.com/articles/know-jeanie-buss-fight-lakers-191152184.html
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Publish date : 2026-08-18 19:11:00
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