Lakers controlling owner Jeanie Buss opposes sale of family’s stake to Bob Iger, Joshua Kushner
The sale would end nearly five decades of Buss family control and leave Jeanie Buss without the 15% stake required to remain governor.
- Lakers governor Jeanie Buss is legally contesting her siblings’ plan to sell the Buss family’s remaining 17.8% stake to Josh Kushner and Bob Iger, arguing that the transaction requires approval from the family trust’s co-trustees.
- Because NBA rules require a governor to hold at least a 15% ownership stake, the sale would effectively end Jeanie Buss’ tenure as the team’s governor if completed.
- Mark Walter agreed to sell the Lakers to Iger and Kushner for $12.5 billion, just 14 months after acquiring controlling ownership from the Buss family at a $10 billion valuation.
- The family has been involved with the Lakers since Jerry Buss purchased the franchise in 1979, but the proposed sale of its remaining stake would bring that nearly five-decade relationship to a close, subject to NBA approval and the ongoing legal dispute.
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93 Articles
Observador
Noticias ao MinutoSome descendants of Jerry Buss, who bought the Lakers in 1979, intend to sell 17.8% of the capital to a group led by Bob Iger. Jeanie Buss, who took the lead after his father's death, opposed.
Jeanie Buss Opposes Reported Sale of the Lakers, Blocking Siblings
Jeanie Buss reportedly opposes the sale of the Lakers, adding that her siblings cannot sell their stake without her approval. The post Jeanie Buss Opposes Reported Sale of the Lakers, Says Siblings Can’t Without Her Approval appeared first on Breitbart.
Jeannie Buss to fight sale of stake in Los Angeles Lakers to Bob Iger and Joshua Kushner
An attorney for Jeanie Buss says she will fight her siblings’ plan to sell their 17.8% stake in the Los Angeles Lakers to former Disney chief executive Bob Iger’s new majority ownership group, according to multiple media reports on Monday.
Some of the descendants of Jerry Buss, who bought the Lakers in 1979 to make them one of the most famous brands of sport, want to sell their stake to the tune of 17.8% of the capital.
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