Lakers’ Jeanie Buss ‘contesting’ family’s vote to sell to Kushner, Iger
Summary
Jeanie Buss is opposing her siblings’ plan to sell the family’s remaining 17.8% share of the Los Angeles Lakers to Bob Iger and Josh Kushner. She claims the sale violates a legal agreement meant to keep her as the controlling owner, which requires owning at least 15% of the team.Key Facts
- The Buss family wants to sell their 17.8% stake in the Los Angeles Lakers to Bob Iger and Josh Kushner.
- Jeanie Buss’s lawyer says the sale should be stopped because she must stay the controlling owner.
- NBA rules say a controlling owner must own at least 15% of the team.
- Jeanie became Lakers governor in 2013 after her father died.
- The family sold the Lakers to Mark Walter for $10 billion 14 months ago, with Jeanie staying governor until 2030.
- Walter recently sold the Lakers to Iger and Kushner for $12.5 billion; the NBA must still approve the sale.
- Jeanie’s lawyer cited a 2017 court order saying any sale needs approval from all cotrustees, including Jeanie.
- The NBA Board of Governors will review the sale at a meeting in mid-September.
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