Overview
- Multiple outlets reported late Monday that the six children in the Buss family trust voted to use a tag‑along right to sell the trust’s remaining 17.8% stake to Bob Iger and Josh Kushner at the $12.5 billion valuation tied to last week’s deal.
- Jeanie Buss has formally contested the vote through her lawyer, who said a 2017 court order and required co‑trustee approvals block any transfer that would drop her below the ownership needed to remain controlling owner.
- If the family stake transfers, Iger and Kushner would hold roughly 83% of the franchise and Jeanie Buss would fall below the NBA’s 15% ownership threshold for a team governor.
- The sale must still be approved by the NBA Board of Governors at its meeting scheduled for Sept. 15–16, and reporting notes that Mark Walter’s swift resale has taken place against federal and SEC scrutiny of his broader business affairs.
- The dispute creates immediate governance and operational uncertainty for the Lakers, with possible court fights over trust rules, a likely change in who represents the club to the league, and close attention needed on the NBA vote and any trustee rulings.