Jeanie Buss is contesting the reported sale of her family’s remaining ownership stake in the Los Angeles Lakers.
The dispute creates significant uncertainty regarding the long-term ownership structure of one of the most valuable franchises in professional sports. While reports suggest a deal was reached to move the shares to new owners, the governor of the team is now fighting to keep the family's interest intact.
Buss said that any vote to sell the family’s 17.8% [1] minority stake is null and void. She has denied intentions to sell her share and intends to keep the family’s shares within their control [2].
Conflicting reports have emerged regarding the status of the ownership. Some reports indicate the Buss family agreed to sell the 17.8% [1] stake to Joshua Kushner and Robert Iger. However, Buss and her legal representation have denied these rumors, asserting that no such sale is authorized [3].
The Lakers are based in Los Angeles, California, where the franchise remains a central pillar of the city's sports culture [4]. The current legal friction centers on whether the family's internal voting process for the sale was valid.
Buss remains the governor of the team and is actively challenging the reported transition of ownership. The outcome of this contest will determine if the minority stake remains with the Buss family or transfers to the reported buyers [2].
“Jeanie Buss is contesting the reported sale of her family’s remaining ownership stake in the Los Angeles Lakers.”
This legal battle highlights a rift within the Buss family over the legacy and financial future of the Lakers. If the court finds the vote to sell was invalid, Jeanie Buss maintains her grip on the family's minority influence. If the sale is upheld, it marks a definitive shift in the franchise's era, moving away from the family's multi-generational ownership toward a new corporate or private investment structure involving high-profile figures like Robert Iger.
