Buss Family Sells Last Lakers Stake to Iger and Kushner
The Buss family trust invoked a tag-along provision to sell its 17.8 percent share, but through her lawyer, Jeanie is challenging the vote.
In a contentious family decision, the Buss siblings have sold their remaining 17.8% stake in the Los Angeles Lakers to majority owners Josh Kushner and Bob Iger, according to ESPN's Shams Charania and sources. The Buss family trust, consisting of siblings Jeanie, Jim, Johnny, Janie, Joey, and Jesse, is now split between the new owners. The decision comes after Jim, Johnny, Joey, and Jesse Buss invoked a tag-along provision, which necessitated approval from all five siblings for the sale to take place.
In a letter from her attorney, Jeanie Buss argues that the 2017 court ruling requires approval from co-trustees, specifically herself, Janie, and Joey Buss, in order to sell their share. The letter claims that bypassing this requirement would be a breach of trust, fiduciary duty, and would be in contempt of court. According to ESPN's Ramona Shelburne, Mark Walter agreed to keep Jeanie as the team's controlling owner for at least five years when he acquired a majority stake in the Lakers in June 2025.
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