Jeanie Buss Contests Siblings’ Plan to Sell Lakers Stake, Citing Control of Team
Jeanie Buss, the governor of the Los Angeles Lakers, is legally challenging a plan by her siblings to sell their remaining 17.8% stake in the team. This sale would require Jeanie Buss to relinquish her role as governor, as it…
Indianapolis, IN, August 18, 2026 —
Jeanie Buss, governor of the Los Angeles Lakers, has initiated legal action to challenge a proposed sale of a 17.8% stake in the NBA franchise by her siblings. The move raises questions about the future control of the iconic basketball team.
The proposed sale, if completed, would reportedly necessitate Jeanie Buss relinquishing her position as governor of the Lakers. This requirement stems from the team’s governance structure, which mandates that the governor hold a minimum of 15% ownership of the team.
According to statements from Jeanie Buss’s attorney, any transaction involving the sale of the team’s shares requires the explicit approval of the co-trustees, a group that includes Jeanie Buss herself. The attorney further stated that proceeding with a sale without this unanimous consent would constitute a breach of trust and could potentially lead to charges of contempt of court.
Jeanie Buss’s siblings have reportedly asserted that they have voted in favor of selling their shares to a group that includes Bob Iger, CEO of The Walt Disney Company, and Josh Kushner, a venture capitalist. However, Jeanie Buss contends that this vote is invalid and therefore void.
The legal challenge centers on the interpretation of trust provisions and governance agreements related to the ownership and management of the Los Angeles Lakers. The outcome of this dispute could have significant implications for the team’s leadership and its operational direction moving forward.
Details regarding the specific terms of the proposed sale or the exact nature of the legal filings were not immediately available. The legal proceedings are expected to unfold in the coming weeks and months.
Story summarized from the original created by AP via Scripps News Group on www.wrtv.com, see more information here.
