The Buss family wants an ‘exit gracefully.’ Jeanie Buss says no

Jeanie Buss, the current governor of the Los Angeles Lakers, is taking legal action against her siblings' plan to sell the family's remaining 17.8% minority ownership stake in the NBA team to Josh Kushner and Bob Iger. According to a letter obtained by The Associated Press, any decision to sell the family trust's ownership stake cannot proceed without the approval of the current co-trustees - Jeanie, Janie, and Joey Buss.

The letter states that the co-trustees are obligated to ensure that the minimum 15% ownership requirement is met to maintain Jeanie Buss as the Controlling Owner. If the co-trustees proceed with the sale regardless, it would be considered a breach of trust, fiduciary duty, and contempt of court. The Buss siblings have been in conflict since their father's death in 2013, with Jeanie Buss firing her brother Jim as head of basketball operations in 2017 and initiating a lawsuit against him and his brother Johnny.

While the sale agreement with Kushner and Iger is still pending NBA board approval, Jeanie Buss asserts that any vote to sell is null and void, claiming they have decided to "exit gracefully" while still supporting the team and Laker fans.