Buss Family Sells Lakers Stake | California News

The Buss family is officially offloading their 17.8% stake in the Lakers after 47 years, marking the end of a dynasty that built 17 championships. Six siblings, led by Jeanie Buss, are selling to a group including Josh Kushner and Bob Iger, following years of internal rifts since their father Jerry’s 2013 passing. While they’ll remain loyal fans and supporters of LA, this move ends decades of family ownership — though it raises questions about Jeanie’s governor role, which hinges on owning at least 15%. Jerry, who bought the team for $67.5M in ’79, turned it into a global powerhouse with legends like Magic, Kareem, Kobe, and LeBron. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b03504117ca2242d