Jeanie Buss Contests Lakers Stake Sale to Bob Iger and Joshua Kushner
A significant dispute has emerged concerning the ownership of the Los Angeles Lakers, a franchise held by the Buss family for over four decades. At the heart of the matter is the alleged sale of a portion of the family's stake, an action that has ignited a sharp disagreement among the siblings.
Jeanie Buss, the Lakers' controlling owner, is actively challenging reports suggesting that the family trust has agreed to sell its 17.8 percent interest in the team. Her attorney has accused two of her siblings, Joey and Jesse Buss, of disseminating inaccurate information to ESPN reporter Shams Charania. Buss's legal representative asserts that these alleged leaks are part of a long-standing pattern designed to undermine her authority and harm the Lakers, specifically to thwart her father's wishes for her to remain the controlling owner. This claim points to a 2017 court decision that affirmed her lifelong position as the franchise's principal owner, barring any subsequent court intervention.
The controversy escalated following the announcement by Mark Walter, the current owner who acquired the Lakers last October, of a deal to sell the team to a group led by Joshua Kushner and Bob Iger. Kushner is slated to become the controlling owner in his individual capacity, with Iger expected to assume a significant operational role. Despite a statement published by ESPN, purportedly from the Buss family, indicating a collective decision to sell, Jeanie Buss's attorney demands a public clarification from her siblings, reaffirming her status as the undisputed controlling owner and rejecting any action based on the alleged vote to sell the family's stake. This unfolding situation highlights the complexities of family legacy and corporate control within professional sports.
This ongoing family dispute over the Lakers' future underscores the importance of clear communication and adherence to established agreements. It serves as a reminder that even in the high-stakes world of professional sports, upholding legal directives and maintaining family unity can be paramount to an organization's stability and success.
