Buss Family Sells Lakers Stake | Fayetteville News

The Buss family’s 50-year Lakers legacy ends as they vote to sell their remaining stake to Bob Iger and Josh Kushner, forcing Jeanie Buss out of her governor role — a position she held since her father’s death in 2013. With NBA rules requiring governors to own at least 15% of the team, this move officially sidelines her after last year’s $10 billion sale to Mark Walter’s group. Tensions within the family have simmered since Jerry Buss’s passing, with some siblings ousted from front-office roles. The original 1979 purchase of the Lakers, Kings, and Forum for $67.5 million launched the legendary “Showtime” era — now, the deal awaits NBA approval before closing. 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/c8c2013d2c54b3cf