Latest in Lakers legal saga: Jeanie Buss' siblings file opposition

On October 7, the five siblings of Jeanie Buss, the longtime owner of the Los Angeles Lakers, filed an opposition to her efforts to prevent the sale of their team shares, according to ESPN. The siblings, who are seeking to sell their shares to Josh Kusher and Bob Iger, have agreed to purchase the team from Mark Walter for $12.5 billion.

The siblings' statement, published on X by ESPN's Shams Charania, reads, "Jimmy, Johnny, Janie, Joey and Jesse Buss, the five of six siblings who voted to sell the Trust’s shares in the Lakers, today filed their formal opposition, demonstrating that Jeanie Buss’s petition is legally and factually baseless."

The siblings' primary concern is to ensure the proposed transaction proceeds as planned and that all beneficiaries, including Jeanie Buss, are treated equally. They have stated that today's filing is a necessary step to safeguard their interests and maintain the schedule of the transaction. According to Jeanie Buss, the siblings must retain at least 15% of the team for her to continue serving as their governor and controlling owner. The purchase agreement between Kusher, Iger, and Walter was finalized in mid-August.