Tag: Jeanie Buss

Buss Siblings Reaffirm Decision to Sell Remaining Lakers Stake as Ownership Battle Escalates

Brandon King

The fight over the future ownership of the Los Angeles Lakers appears to be intensifying. Jim, Johnny, Janie, Joey, and Jesse Buss issued a joint statement Tuesday reaffirming their decision to sell the family’s remaining 17.8% ownership stake in the franchise after reports surfaced that Jeanie Buss plans to challenge the move through legal action. “Johnny, Jimmy, Janie, Joey and Jesse have made the decision to sell the family’s remaining stake, and we remain united in that decision. We intend to move forward thoughtfully, respectfully and through the appropriate process.”…

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Buss Family Sells Remaining Lakers Stake, Ending Historic Era of Ownership

Brandon King

The Buss family’s nearly five-decade run as owners of the Los Angeles Lakers is officially coming to an end. According to ESPN, the Buss family has agreed to sell its remaining 17.8% ownership stake in the franchise to new majority owners Josh Kushner and Bob Iger. The transaction follows a vote by the Buss Family Trust, with siblings Jeanie, Jim, Johnny, Janie, Joey, and Jesse Buss approving the sale after receiving the four votes required to trigger the tag-along provision tied to Mark Walter’s previous sale. The deal values the…

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