Jeanie Buss to Contest Siblings' Plan to Sell Lakers Stake to Kushner and Iger

Los Angeles Lakers controlling owner Jeanie Buss is reportedly challenging her siblings' decision to sell their collective 17.8% minority ownership stake in the team to Josh Kushner and Bob Iger. This contested sale could potentially lead to Buss losing her position as the Lakers' governor, as the role requires a minimum of 15% team ownership. The siblings' intent to sell follows a recent transaction where Mark Walter, who had previously acquired a controlling stake in the Lakers from the Buss family, agreed to sell his shares to Kushner and Iger.

Buss's attorney, Adam Streisand, has stated that any such sale would be void without the approval of all co-trustees, which include Jeanie, Janie, and Joey Buss. Streisand further cited a 2017 court order, asserting that it mandates the co-trustees to ensure Jeanie Buss maintains her status as controlling owner. While a statement attributed to the Buss family indicated a collective decision to sell, Jeanie Buss's legal representation has refuted this, alleging that some siblings have been leaking false information.