Why Buss Family Is Selling Remaining Stake in Lakers, Bringing End to 57-Year Era in L.A.
The sale could push Jeanie Buss below the NBA ownership threshold and leave Rob Pelinka’s role uncertain as new owners review the team’s structure.
- On Monday, the Buss family announced plans to sell their remaining 17.8% stake in the Lakers to incoming majority owners Bob Iger and Josh Kushner, valuing the franchise at $12.5 billion.
- Once approved, the sale forces Jeanie Buss below the NBA's 15% ownership threshold required to serve as governor, with the transition period potentially extending into September.
- This exit removes Rob Pelinka's primary organizational ally from the ownership structure, though the Lakers promoted him to president of basketball operations with a multiyear extension in April 2025.
- Agents and executives immediately speculated on Pelinka's status after the deal, though Iger initially indicated he intends to keep leadership in place; speculation also links Bob Myers to the role.
- The league's next Board of Governors meeting, scheduled for September 15-16 in New York, looms as the critical date for sale approval as incoming owners decide whether to inherit the existing basketball structure.
19 Articles
19 Articles
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Jerry Buss spent the last decade of his life engineering a trust designed to keep the Lakers in family hands forever. Thirteen years after his death, that structure may be what finally tears the family apart.
The Buss family, which has run the Los Angeles Lakers basketball club for more than 40 years, has been divided over the sale of their remaining stake in the famous club, whose first name is Slovenian Luka Dončić. According to US media, including ESPN and the Athletic, the rift has come just a week after the change in majority ownership.
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It's the end of an era for the Los Angeles Lakers, as the Buss family has decided to sell their remaining stake in the franchise to new owners Josh Kushner and Bob Iger, who have agreed to purchase th
Rob Pelinka’s Lakers Future Gets Telling Update After Buss Family Decision
Rob Pelinka’s Lakers future faces new questions after the Buss family’s latest ownership decision involving Bob Iger and Josh Kushner. The post Rob Pelinka’s Lakers Future Gets Telling Update After Buss Family Decision appeared first on HEAVY.
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