Jeanie Buss challenges siblings’ plan to sell Lakers stake
The Los Angeles Lakers governor is seeking to stop a family sale of the team’s remaining ownership share, according to reports.
Jeanie Buss is trying to block her siblings from selling the Buss family’s remaining stake in the Los Angeles Lakers, according to reports on Monday. The dispute concerns the family’s 17.8% holding in the NBA franchise.
The planned buyers are reported to be media executive Bob Iger and investor Josh Kushner. CNBC and ESPN said Buss’s lawyer moved to halt the transaction on legal grounds.
The Buss family had said it intended to sell the share, while Jeanie Buss wants to stay in place as the team’s controlling owner, according to the reports. The Lakers are one of the NBA’s most prominent franchises and have been owned by the Buss family for decades.
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