LA Lakers sale under threat as Jeanie Buss contests siblings’ ability to sell after vote
Following Mark Walter’s sale of a majority stake in the Los Angeles Lakers, the Buss family reportedly agreed to sell their minority stake as well. However, Jeanie Buss isn’t having any of it.
The Los Angeles Lakers' sale under threat as Jeanie Buss contests her siblings' ability to sell their minority stake, following the recent majority share transfer. Jeanie Buss, who has been the Governor of the Lakers since 2013, has objected to the sale of the remaining 17.8% minority stake by her siblings. Her attorney has written a letter to the NBA, stating that no sale can occur without the consent of all three trustees, including Jeanie, Joey, and herself.
With only five of the siblings voting to sell, Jeanie's stance could potentially jeopardize the new owners' complete control over the franchise. The situation has quickly escalated and could pose significant challenges for the Lakers' new management and the upcoming majority share transaction.
Written by urgent.news from Yahoo Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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