Jeanie Buss to fight siblings over sale of 17.8% stake in Lakers: reports
An attorney for Jeanie Buss says she will fight her siblings' plan to sell their 17.8% stake in the Los Angeles Lakers to former Disney chief executive Bob Iger's new majority ownership group, according to multiple media reports on Monday."On behalf of Jeanie Buss, I demand that your clients make clear publicly that Jeanie Buss is the controlling owner of the Los Angeles Lakers and that your…
The Buss family intends to sell its 17.8% stake in the Los Angeles Lakers to a group led by Bob Iger. Jeanie Buss, who serves as the NBA governor, has announced that she will not support her siblings' plan to sell the stake. Her legal representative has written to her siblings, stating that her approval is required for the sale due to her role as one of three co-trustees.
Jeanie Buss will remain the controlling owner of the Lakers, but she would lose her 15% stake needed to stay as the team governor following the sale. The Buss family previously sold a majority share in the Lakers to former Disney CEO Mark Walter in a record-breaking $10 billion deal last year.
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