Buss Family Sells Lakers Stake | Los Angeles News

The Buss family is selling their final stake in the Lakers — 17.8% to Josh Kushner and Bob Iger for $12.5 billion — marking the end of an era. With this deal, Jeanie Buss will likely step down as governor, as NBA rules require the roleholder to own at least 15%. She took over after her father Jerry Buss, who bought the team in 1979 and led them to 11 championships, passed away in 2013. The sale still needs NBA approval and Kushner must first divest his Miami Heat stake — but one thing’s clear: the Buss legacy is officially passing the torch. 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/bade316d01bd92a4 Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Los Angeles News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews