“I would imagine, without knowing for sure, that (the …
The proposed sale of the Los Angeles Lakers still requires approval from the NBA's Board of Governors. If the deal is approved, it remains uncertain whether the Buss family will maintain a minimum 15 percent stake in the team. The new ownership group would then be responsible for honoring Walter's commitment that Jeanie Buss could retain the position of NBA governor for the foreseeable future.
According to Matt Mitten, a law professor at Marquette University Law School, the other NBA governors are likely to be pleased with the majority owners retaining their necessary control. This is because the majority owners will have the authority to voice and vote during league meetings, which he considers an essential aspect of the decision-making process.
Mitten suggests that if a group holds a small minority interest (17.8 percent), it may eventually lead to conflicts between the majority ownership and the Buss family's control over the team.
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