Buss Family to Sell Lakers Stake to Bob Iger Group Amidst Family Dispute
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Which brings us to Monday: The Buss family released a statement announcing their intention to sell their remaining 17.8% stake in the Lakers to the new majority ownership group. Hours later, Jeanie Buss — Jerry's eldest daughter and the current governor of the team — said that she will contest any attempt to sell, setting the stage for a potential legal fight over the final remnants of the family business.
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ESPNJeanie contending family's sale of stake in Lakers Jeanie Buss is contending a claim from the rest of the Buss family that they are sharing their remaining stake in the Lakers to new owners Josh Kushner and Bob Iger.
Sky SportsTuesday 18 August 2026 16:35, UK Los Angeles Lakers governor Jeanie Buss is contesting her siblings' plans to sell the family's remaining 17.8 per cent ownership stake in the team.
BBC SportPublished Los Angeles Lakers governor Jeanie Buss is trying to block her siblings' sale of her family's remaining stake in the NBA franchise.
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"We have decided as a family to sell the remaining Buss Family Trust shares to the Bob Iger group as part of the ongoing transaction," the statement read.
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Sky SportsThe Buss family released a statement on Monday, saying: "We have decided as a family to sell the remaining Buss Family Trust shares to the Bob Iger group as part of the ongoing transaction.
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Jeanie's lawyer Adam Streisand said in a letter to her five siblings that any vote for a sale "would be and is void" because her approval as one of three co-trustees, along with siblings Joey and Janie Buss, is needed for such a move.
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Sky SportsBut Jeannie Buss' attorney, Adam Streisand, wrote to representatives for her five siblings to state that any decision to sell the family trust's ownership stake "would be and is void", according to ESPN.
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"Co-trustees are bound to vote to ensure that the minimum 15 per cent ownership requirement is maintained in order to ensure that Jeanie Buss may remain controlling owner," the letter is reported to have said.
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BBC Sport"Co-trustees are bound to vote to ensure that the minimum 15% ownership requirement is maintained in order to ensure that Jeanie Buss may remain controlling owner," the letter said, according to ESPN, external.
3 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 Sky Sports Josh Kushner, the brother of US President Donald Trump's son-in-law Jared, and former Disney chief executive Bob Iger agreed a deal to buy the controlling interest in the Los Angeles Lakers at a valuation of $12.5 billion (£9.3bn) - a record for a professional sports team
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02 BBC Sport Walter bought his share from the Buss family last year for about $10bn (£7.45bn) in a deal that ensured Jeanie remained as governor until 2030.
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03 Yahoo Sports Yahoo Sports AM is our daily newsletter that keeps you up to date on all things sports. Sign up here to get it every weekday morning.
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Sources (4)
- espn
- skysports
- bbc-sport
- yahoosports