Buss Siblings Move Forward with Lakers Stake Sale Despite Jeanie's Objection

Five Buss siblings have announced their intention to sell their share of the Los Angeles Lakers, disregarding objections from sister Jeanie Buss, who claims it breaches trust.

Five siblings of the Buss family confirmed on Tuesday their decision to proceed with selling their ownership stake in the Los Angeles Lakers, despite objections from their sister Jeanie Buss. Their statement did not reference Jeanie directly.

The siblings—Johnny, Jimmy, Janie, Joey, and Jesse—expressed their unity in the decision to sell the family's remaining 17.8 percent share in the franchise. This announcement followed a warning from Jeanie's attorney, who stated that the sale would violate fiduciary duties and could lead to legal consequences.

Jeanie Buss's position as the team's governor is at risk if the trust sells its shares, as league rules require a minimum ownership percentage. The recent turmoil within the Buss family was exacerbated by the news that the Lakers were sold to former Disney CEO Bob Iger and billionaire Josh Kushner for an estimated $12.5 billion, a move that surprised many in the NBA.

Buss Siblings Move Forward with Lakers Stake Sale Despite Jeanie's Objection

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