The Buss household has voted to promote its remaining 17.8% stake within the Los Angeles Lakers to new majority homeowners Josh Kushner and Bob Iger, in keeping with ESPN.
The Buss household belief, consisting of Jeanie, Jim, Johnny, Janie, Joey and Jesse Buss, accepted the transfer after receiving the mandatory majority.
4 of the six siblings wanted to assist exercising the tag-along provision related to Mark Walter’s sale of the franchise to Kushner and Iger, which valued the Lakers at $12.5 billion.
The transaction may even carry a big change to the Lakers’ management construction.
As soon as the sale is finalized, Jeanie Buss will not personal a big sufficient proportion of the franchise to proceed serving because the Lakers’ governor.
Below NBA guidelines, a controlling proprietor or governor should maintain not less than a 15% possession stake.
The deal due to this fact represents the top of the Buss household’s possession involvement with the Lakers and can depart Kushner and Iger with a fair bigger share of the enduring franchise.
As soon as the transaction is accomplished, Jeanie Buss will not have the required possession proportion to stay governor. NBA pointers require controlling homeowners/governors to personal not less than 15% of a franchise. https://t.co/e9jLvTvEp7
— Shams Charania (@ShamsCharania) August 17, 2026
