Five siblings of the Buss family intend to sell their remaining minority shares in the Los Angeles Lakers [1].
The move signals a deepening rift within the ownership group of one of the NBA's most valuable franchises. Because the Buss family has historically maintained tight control over the team, a public sale of these shares could shift the internal power dynamics of the organization.
In a statement released on Tuesday, the five siblings said they are unified in their desire to cash out [3]. This collective decision comes despite direct opposition from their sister, Jeanie Buss, who said she objects to the sale [4].
The siblings collectively hold a 17.8% stake in the team [2]. While the Lakers have remained a family-run operation for decades, the push to divest this specific portion of ownership indicates a desire for liquidity among the minority owners.
The dispute highlights a tension between the managing partner and the minority shareholders. While Jeanie Buss oversees the daily operations and strategic direction of the franchise, the five siblings [1] are seeking to exit their financial positions.
The statement was made public on Aug. 18, 2026 [3], clarifying that the group remains resolute in its position. The siblings have not yet named a buyer or disclosed a specific asking price for the 17.8% stake [2].
“Five siblings of the Buss family intend to sell their remaining minority shares in the Los Angeles Lakers.”
This ownership dispute creates uncertainty regarding the long-term stability of the Lakers' front office. If the minority shares are sold to an outside investor rather than an internal buyer, it could introduce a new voice into the team's governance, potentially challenging Jeanie Buss's authority over basketball and business operations.
