Buss Family's Long Ownership of Lakers Faces Uncertain Future

The Los Angeles Lakers are experiencing significant ownership changes, with a potential end to the Buss family's nearly five-decade control over the franchise. Mark Walter's recent agreement to sell his controlling interest in the team to Bob Iger and Joshua Kushner marks a pivotal moment for the organization.

Jeanie Buss, one of Jerry Buss's six children, is contesting her siblings' decision to sell the family's remaining stake in the Lakers. Her attorney argues that the sale cannot proceed without her consent and asserts her right to remain the team's governor.

The Buss family's connection to the Lakers began in 1979 when Jerry Buss purchased the team. Following his death in 2013, the siblings inherited the franchise through a family trust. The current dispute could lead to the end of their ownership era, as Jeanie challenges the trust's vote to sell their remaining 17.8 percent share.