Showtime! Buss Family Sells Remaining Lakers Stake To Bob Iger & Josh Kushner
Bob Iger was feted like a Disney Prince at D23 this past weekend, but the ex-CEO real starturn looks to be scoring an even greater stake in the L.A. Lakers today. With longtime owners the Buss family voting to tag along with Iger and Josh Kushner’s $12.5 billion purchase last week of the NBA team …
The Buss family has decided to sell the remaining shares of their stake in the Los Angeles Lakers to a group led by Bob Iger and Josh Kushner, according to a statement released on Monday. The sale is part of a larger transaction in which Iger and Kushner purchased the Lakers from Mark Walter for $12.5 billion last week. This sale increases the Iger-Kushner ownership of the Lakers to 83%, up from 65% earlier this week.
The Buss family, who have owned the team since 1979, expressed their desire to move on and exit gracefully while still supporting the Lakers and Laker fans. The family's patriarch, Jerry Buss, passed away in 2013 and was instrumental in bringing success to the Lakers, including 11 NBA Championships. Jeanie Buss, Jerry Buss's daughter and current governor of the team, will remain on the team's board after the sale.
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