Lakers controlling owner Jeanie Buss opposes sale of family's stake to Bob Iger, Joshua Kushner

Jeanie Buss, controlling owner of the Los Angeles Lakers, has stated through her lawyer that she has not agreed to sell the team. According to CNBC, any vote suggesting the Buss family is selling would be considered void.

A deal had been agreed upon for Joshua Kushner and Bob Iger to purchase the team for a record $12.5 billion, as reported by Fortune. If approved, this acquisition would increase their combined ownership of the Lakers to roughly 83%, according to Forbes.

Fortune also noted that owning a sports team like the Lakers can provide significant tax benefits, with some experts suggesting it can be used as a "powerful tax shield" to offset income from other investments.

Brief written by urgent.news from CNBC, Forbes, Naked Capitalism, Fortune — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.