Jeanie Buss will no longer have the required ownership …

Jeanie Buss, governor of the Los Angeles Lakers, is attempting to stop her siblings from selling a portion of their family's stake in the NBA franchise. Last week, Josh Kushner, brother of President Donald Trump's son-in-law Jared, and former Disney CEO Bob Iger reached an agreement to purchase the controlling interest in the team from Mark Walter for $12.5 billion.

Walter originally acquired his share from the Buss family in 2021 for approximately $10 billion, which granted Jeanie the governorship until 2030. The Buss family, who have owned the Lakers since 1979, announced their decision to sell their remaining 17.8% stake to the Iger group on Monday. They expressed their love for the Lakers and support for fans but stated they were ready to move on.

However, Jeanie's lawyer, Adam Streisand, has informed his five siblings that any vote for a sale would be invalid as her approval, along with her siblings Joey and Janie Buss, is required. They assert that any attempt to assist or support the sale would be a breach of trust and fiduciary duty. Despite her objections, her siblings, Johnny, Jimmy, Janie, Joey, and Jesse, remain committed to their decision and emphasized their intention to proceed thoughtfully and respectfully through the appropriate process.