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The state of the Lakers’ ownership continued to more turns.
It was just last week when Mark Walter agreed to sell his share in the franchise to Josh Kushner and Bob Iger at a historic valuation of $12.5 billion – just 10 months after Walter officially became the Lakers’ majority owner.
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This week, it appeared the Buss family voted to sell their remaining 17.8% share of the Lakers to Kushner and Iger.
ESPN’s Joshua Kushner and Disney’s CEO Bob Iger watch as Novak Djokovic of Serbia plays against Taylor Fritz of the USA during the US Open Tennis Championships at the USTA Billie Jean King National Tennis Center on Tuesday, Sept. 2, 2025, in Queen, New York. (JASON SZENES) JASON SZENES/ NY POST
Not so fast.
Lakers Governor Jeanie Buss is opposing her siblings’ vote to sell the family’s share of the Lakers, according to a letter from her lawyer, Adam Streisand. The letter, obtained by the California Post on Monday, argued her siblings can’t legally execute a sale without her approval and that any vote of the Buss family selling would be “void.”
Her siblings who are part of the Buss family trust (Jim, Johnny, Janie, Joey and Jesse Buss) fired back at Jeanie on Tuesday, making it clear they intend to go through with the sale.
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But how did the Lakers, and the Buss family get here? And what exactly are the two sides arguing?
Jeanie Buss is seen during the statue unveiling for former Lakers coach Pat Riley in Star Plaza in front of Crypto.com Arena in Los Angeles on Sunday, February 22, 2026. Riley won four championships as Lakers head coach. (MediaNews Group RM) MediaNews Group via Getty Images
Court order details
At the heart of Buss opposing her siblings’ vote to sell their share of the Lakers is a 2017 court order, with Streisand saying that no sale could happen “without approval by the co-trustees, i.e. Jeanie, Janie and Joey Buss.”
Jeanie didn’t vote to sell the family’s ownership stake in the Lakers, while the other five siblings in the trust did.
The court document from 2017 stated that the co-trustees of the Buss family trust are instructed to take all “actions reasonably available to them,…
Source link : https://sports.yahoo.com/articles/jeanie-buss-court-order-means-223810472.html
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Publish date : 2026-08-19 22:38:00
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