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“Los Angeles Lakers governor Jeanie Buss is fighting her siblings’ plan to sell the family’s remaining 17.8% stake in the franchise to a consortium led by Josh Kushner and Bob Iger. The Buss family trust requires Jeanie’s approval as one of three co‑trustees, and her lawyer argues any vote without her consent is void and breaches fiduciary duties. Despite the legal push‑back, the siblings remain united in moving forward with the sale, which follows Mark Walter’s 2025 purchase of a controlling interest for $12.5 billion. Expert Analysis: The dispute highlights the complexities of family‑controlled sports assets and could set precedents for trust governance in high‑value franchise deals. If Jeanie’s challenge stalls the transaction, it may delay the influx of private‑equity capital into the NBA, affecting league valuation trends and related market activities.”
Los Angeles Lakers governor Jeanie Buss is trying to stop her siblings' sale of the family's remaining stake in the NBA franchise.
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Originally reported by BBC Sport
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