Jeanie Buss Moves to Block Siblings' Sale of Lakers Stake
Jeanie Buss is reportedly taking legal action to prevent her siblings from selling the family's remaining interest in the Los Angeles Lakers, a move that could reshape the franchis…
Jeanie Buss is reportedly taking legal action to
Jeanie Buss is reportedly taking legal action to prevent her siblings from selling the family's remaining interest in the Los Angeles Lakers, a move that could reshape the franchise's ownership structure.
According to reports from CNBC and ESPN, Buss's attorney has filed a legal challenge to stop the proposed sale of the Buss family's 17.8% stake in the team to Bob Iger, former CEO of Disney, and Josh Kushner, a prominent investor. The challenge comes just hours after the family publicly announced its intention to proceed with the deal.
Buss, who has served as the Lakers' controlling owner and team governor since 2017, is said to be determined to retain her position at the helm. Her legal team argues that the sale would violate terms of the family trust, which governs how shares can be transferred or sold.
The dispute highlights a deepening rift within the
The dispute highlights a deepening rift within the Buss family, which has owned the Lakers since Jerry Buss purchased the team in 1979. Jeanie Buss has led the franchise through both triumphs and challenges, including championship wins in 2020 and the ongoing effort to maintain a competitive roster.
If the sale were to go through, Iger and Kushner would acquire a significant minority interest, potentially giving them influence over team decisions. However, Jeanie Buss's legal opposition suggests she is prepared to fight to keep the franchise under her control.
Neither the Buss family nor representatives for Iger and Kushner have commented on the reported legal action. The Lakers' front office has also remained silent, focusing on the team's upcoming season.
The outcome of this dispute could have far-reaching
The outcome of this dispute could have far-reaching implications for the Lakers' future, as well as for the broader NBA landscape, where ownership stability is often seen as key to long-term success.