Overview
- Multiple outlets reported on Monday that five of six Buss siblings voted to sell the family trust’s 17.8% Lakers stake to Bob Iger and Josh Kushner to join their $12.5 billion purchase of majority control.
- Jeanie Buss’s lawyer responded hours later with a letter saying the JAB Trust and a 2017 Los Angeles County court order prevent any sale without approval by the co‑trustees Jeanie, Janie and Joey Buss.
- The five siblings — Jim, Johnny, Janie, Joey and Jesse — issued a separate statement reaffirming they intend to proceed through the proper process to sell their shares.
- If the trust stake is transferred, Iger and Kushner would own roughly 83% of the franchise and Jeanie Buss would fall below the NBA’s 15% ownership threshold required to serve as team governor.
- The transaction still needs NBA Board of Governors approval at the Sept. 15–16 meeting and could face court scrutiny over trust duties and the 2017 order before it can close.