Jeanie Buss Plays Offense With Selling Siblings To Keep Lakers’ Stake
Two of her siblings are now onboard with the San Diego Padres ownership, but Jeanie Buss is clearly nowhere near an agreement with them when it comes to the Los Angeles Lakers. “Jeanie never agreed to any sale, was never consulted, and was never even informed,” declares a petition filed Wednesday in L.A. Superior Court […]
Jeanie Buss, daughter of the late Lakers owner Jerry Buss, has filed a legal petition in Los Angeles Superior Court to halt her five siblings from selling their remaining shares in the family's stake in the Los Angeles Lakers. The 29-year-old sister, who was appointed by her father to take over the franchise, described her siblings as "devious" in her court filing, claiming they tried to bypass her as the Lakers' governor by secretly negotiating the deal.
In a statement, Jeanie argued that her siblings never informed her about their intentions, labeling the statement by ESPN as "knowingly false," as she had never agreed to sell the shares. The family's remaining 17.8% stake in the Lakers has been valued at $13 billion, and the siblings claim they have support from other owners to proceed with the sale.
However, Jeanie insists that a sale is not in the Lakers' best interest, citing its continuously growing value and the desire of other owners to hold onto their shares. Her legal team is seeking to have her siblings removed as co-trustees and held in contempt of court, as well as liable for damages. A hearing is set for November 5th.
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