LA Lakers Ownership Battle Explodes: Jeanie Buss Fights Siblings In Court Over $22.3 Billion Stake

Los Angeles Lakers controlling owner Jeanie Buss is engaged in a legal battle with her five siblings over the proposed sale of the family trust's 17.8% stake, a transaction that would reshape the franchise's ownership. The siblings voted to sell their interest to new majority owners Josh Kushner and Bob Iger, a deal valuing the team at a record $12.5 billion. Jeanie Buss argues the sale would reduce her stake below the NBA-mandated 15% threshold, stripping her of her role as team governor and primary owner. Her attorney has sent a letter challenging the vote's validity, citing a 2017 court ruling requiring trustees to ensure Jeanie maintains her controlling status. The five siblings have publicly declared their unity in the decision to sell, expressing confidence in Kushner and Iger to uphold the Lakers' legacy. The dispute follows a year of rapid ownership transition, with the Buss family having previously sold a controlling interest to Mark Walter.