Tag: Josh Kushner

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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Lakers Sold Again: Josh Kushner and Bob Iger Reach Record-Breaking $12.5 Billion Deal for NBA’s Crown Jewel

Brandon King

The Los Angeles Lakers are once again under new ownership. According to multiple reports, a group led by venture capitalist Josh Kushner and former Disney CEO Bob Iger has agreed to purchase a controlling interest in the Lakers for a reported $12.5 billion, setting a new record for the highest valuation ever paid for a professional sports franchise. The blockbuster transaction comes less than a year after Mark Walter acquired the franchise at a reported $10 billion valuation. The rapid increase in value underscores the continued explosion in NBA franchise…

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