Five Buss siblings ‘united’ on Lakers stake sale as Jeanie Buss fights back
The Buss family's nearly five-decade association with the Los Angeles Lakers is moving closer to an end, but not without another family fight over control.
The Buss family's nearly five-decade association with the Los Angeles Lakers is nearing an end, but not without a significant family disagreement. Five of the six Buss siblings have issued a joint statement reiterating their commitment to selling their remaining 17.8% ownership stake in the Lakers as part of a pending $12.5 billion transaction.
The statement, provided to ESPN, emphasizes that this decision is being made in the best interests of the Lakers, its fans, and the broader Los Angeles community. However, Jeanie Buss, the team's governor and controlling owner, is the only sibling opposing the sale. She argues that the sale cannot proceed without her approval, citing a 2017 court ruling.
The Lakers have never just been a basketball team for the Buss family; they have always been a privilege. The five siblings supporting the sale remain united in their decision, expressing respect for the proposed new owners, Josh Kushner and Bob Iger, stating they believe they understand what the Lakers represent to Los Angeles.
The outcome of this dispute could determine not only the future of the Buss family's ownership in the Lakers but also Jeanie Buss's tenure as the team's governor.
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