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Lakers Owner Jeanie Buss Challenges Family Decision to Sell Stake to Kushner and Iger

James Carter
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Key Takeaways

Jeanie Buss, the controlling owner of the Los Angeles Lakers, is pushing back against a family vote that would transfer their minority ownership to media executive Bob Iger and inv…

Jeanie Buss, the controlling owner of the Los

Jeanie Buss, the controlling owner of the Los Angeles Lakers, is pushing back against a family vote that would transfer their minority ownership to media executive Bob Iger and investor Josh Kushner. According to sources familiar with the matter, Buss has formally contested the decision, which could alter the team's ownership structure.

The dispute centers on the Lakers' family trust, which holds the franchise's shares. A recent vote among Buss siblings favored selling the minority stake to Iger, former Disney CEO, and Kushner, founder of Thrive Capital. However, Buss, who has led the Lakers since her father's passing in 2013, insists that the move undermines the team's long-term stability and her role as governor.

Legal experts note that contesting such a vote is rare but not unprecedented. Buss's challenge may trigger a review process, potentially involving arbitration or court proceedings. The outcome could hinge on the trust's bylaws and whether the vote adhered to them.

This internal rift comes at a time when

This internal rift comes at a time when NBA franchise valuations are soaring, and outside investors are increasingly courting team owners. Iger and Kushner, both prominent figures in entertainment and finance, had reportedly been in talks for months. Their interest underscores the Lakers' appeal as a marquee asset.

For now, the situation remains fluid. Buss has not publicly commented, but those close to her say she is determined to protect the franchise's legacy. The Lakers, who have won 17 championships under the Buss family's stewardship, now face an uncertain off-court battle that could shape their future leadership.