The Buss household’s battle over management of the Los Angeles Lakers has erupted once more, with Jeanie Buss preventing to protect her place because the franchise’s governor.
The battle follows a vote by 5 Buss siblings to promote the household’s remaining 17.8% stake to Josh Kushner and Bob Iger after Mark Walter agreed to promote his controlling curiosity at a $12.5 billion valuation. Jeanie was reportedly the one sibling who didn’t help the transfer.
Her legal professional has challenged the vote, arguing that the proposed transaction is “void” beneath the phrases governing the household belief. The stakes are vital for Jeanie as a result of NBA guidelines require her to take care of no less than a 15% possession curiosity to stay Lakers governor.
Household battles over management are nothing new. After Jerry Buss died in 2013, tensions finally exploded in 2017 when Jim and Johnny Buss tried to reshape the Lakers board after Jeanie eliminated Jim as head of basketball operations. Jeanie went to court docket, stopped the trouble and strengthened her management of the franchise.
Final yr, she agreed to promote the Lakers’ majority stake to Walter at a $10 billion valuation whereas arranging to stay governor by means of 2030. Joey and Jesse Buss have been subsequently faraway from their basketball operations positions.
Now the household alliances have shifted as soon as once more. With Walter already transferring to promote his controlling curiosity to Iger and Kushner, Jeanie is preventing to guard the authority her earlier settlement was imagined to protect.
The dispute leaves the way forward for almost 5 many years of Buss household involvement with the Lakers unsure. Jerry Buss bought the franchise in 1979, and the group gained 11 championships beneath his household’s possession.
The most recent struggle has turn into one other chapter in a long-running battle over management, with billions of {dollars}, household trusts and the Lakers’ management hanging within the stability.
Because the comparability to Home of the Dragon places it, “You’ll be able to identify an inheritor, however you possibly can’t make the household bend the knee.”
The Lakers have turn into real-life ‘Home of the Dragon’ – and Jeanie Buss is preventing for her throne https://t.co/fTyQwpE1u6 pic.twitter.com/h37CJV6oiA
— New York Submit (@nypost) August 18, 2026
