Buss Family Sells Lakers Stake | California News

The Buss family is selling its remaining stake in the Lakers, ending 47 years of ownership and potentially sidelining Jeanie Buss as governor. Led by Jeanie, the six siblings are offloading shares to Josh Kushner and Bob Iger — a move that follows last year’s $10B sale of majority control and comes amid long-standing sibling disputes since Jerry Buss’s death in 2013. Though Iger and Kushner plan to keep Jeanie in her role, the new deal may violate the 15% ownership rule for governors. Jerry Buss, who bought the team in 1979 and built it into an NBA dynasty with 17 titles, is now officially out — but his legacy lives on. 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/54a5d5ea005f649d