Jeanie Buss considering paying out siblings to buy Lakers ownership share worth almost $2 billion
The Los Angeles Lakers sale to Bob Iger and Joshua Kushner will continue, but Jeanie Buss is considering all options to prevent her family from selling their remaining share. The Buss family still owns 17.
The Los Angeles Lakers' sale to Bob Iger and Joshua Kushner is set to proceed, but Jeanie Buss is evaluating options to prevent her siblings from selling their remaining ownership stake. The Buss family still holds 17.8% of the Lakers, and Jeanie's siblings are attempting to sell their shares to the Iger and Kushner-led ownership group.
Jeanie aims to block the sale to maintain her role as the team's Governor. However, she is also considering a potential purchase of her siblings' shares to secure her position for the remainder of her tenure. It is reported that Jeanie would be willing to buy out her siblings' 17.8% stake to retain control of the Lakers. With the team recently valued at $12.5 billion, a 17.8% share would be worth approximately $2.2 billion.
Jeanie's personal net worth is estimated at around $1 billion, including her share of the current ownership and recent earnings from the Cincoro tequila and 'Women of Wrestling' promotion. She may need to raise capital or sell personal assets to finance this purchase. This scenario could depend on the Buss siblings' agreement to sell after years of conflicts.
Written by urgent.news from Yahoo Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Buss trying to block siblings' sale of LA Lakers sports.yahoo.com