{"id":436369,"date":"2026-08-18T15:56:10","date_gmt":"2026-08-18T15:56:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/436369\/"},"modified":"2026-08-18T15:56:10","modified_gmt":"2026-08-18T15:56:10","slug":"jeanie-buss-challenges-siblings-over-sale-of-remaining-stake-in-lakers-reports","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/436369\/","title":{"rendered":"Jeanie Buss challenges siblings over sale of remaining stake in Lakers: reports"},"content":{"rendered":"<p> <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/08\/rvxx5sizuftqb1b0.jpg\" alt=\"Jeanie Buss challenging siblings' plan to sell Lakers ownership stake\" class=\"sr-only\" data-v-892ef6a8=\"\"\/>  <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/08\/rvxx5sizuftqb1b0.jpg\" alt=\"Jeanie Buss challenging siblings' plan to sell Lakers ownership stake\" loading=\"eager\" fetchpriority=\"high\" class=\"vod-poster-image\" data-v-5a75adc3=\"\"\/>    <\/p>\n<p data-v-94395e58=\"\">LOS ANGELES &#8211; Jeanie Buss is reportedly challenging her siblings after they voted to sell their minority stake in the <a href=\"https:\/\/www.foxla.com\/tag\/sports\/nba\/lakers\" target=\"_self\" rel=\"noopener nofollow\">Los Angeles Lakers<\/a> to the team\u2019s new owners, <a href=\"https:\/\/www.foxla.com\/news\/mark-walter-sells-los-angeles-lakers-for-12-billion\" target=\"_self\" rel=\"noopener nofollow\">Josh Kushner and Bob Iger<\/a>.<\/p>\n<p original-article-post=\"\" origination_station=\"KTTV\" data-v-ec26887a=\"\" data-v-94395e58=\"\">What we know:<\/p>\n<p data-v-94395e58=\"\">The family voted 5-1 to sell their remaining shares, with Jeanie Buss casting the sole vote against selling their 17.8% stake in the team.<\/p>\n<p data-v-94395e58=\"\">PREVIOUS: <a href=\"https:\/\/www.foxla.com\/news\/buss-family-sells-la-lakers-stake\" target=\"_self\" rel=\"noopener nofollow\">Buss family sells remaining Lakers stake following Bob Iger, Josh Kushner deal<\/a><\/p>\n<p data-v-94395e58=\"\">Jeanie Buss\u2019 attorney, Adam Streisand, wrote to representatives for her five siblings stating that any decision to sell the family trust\u2019s ownership stake could not be &#8220;effectuated without approval of the current co-trustees, Jeanie, Janie and Joey Buss.&#8221;<\/p>\n<p data-v-94395e58=\"\">In addition, the sale could cost Buss her role as governor of the franchise\u2014a position she has held since 2013.<\/p>\n<p data-v-94395e58=\"\">The sale still needs a final approval from the NBA.\u00a0<\/p>\n<p data-v-94395e58=\"\">SUGGESTED: <a href=\"https:\/\/www.foxla.com\/news\/jeanie-buss-jay-mohr-tie-the-knot\" target=\"_self\" rel=\"noopener nofollow\">LA Lakers president Jeanie Buss, comedian Jay Mohr say &#8216;I Do&#8217; in intimate Malibu ceremony<\/a><\/p>\n<p original-article-post=\"\" origination_station=\"KTTV\" data-v-ec26887a=\"\" data-v-94395e58=\"\">What they&#8217;re saying:<\/p>\n<p data-v-94395e58=\"\">&#8220;We have decided as a family to sell the remaining Buss Family Trust shares to the Bob Iger group as part of the ongoing transaction,&#8221; the Buss family said in a statement. &#8220;We love the Lakers, Laker fans and will continue to support Los Angeles, but it is time to use this opportunity to move on and exit gracefully while we still can.&#8221;<\/p>\n<p original-article-post=\"\" origination_station=\"KTTV\" data-v-ec26887a=\"\" data-v-94395e58=\"\">Dig deeper:<\/p>\n<p data-v-94395e58=\"\">The Buss family losing any ownership of the Lakers would mark a significant change in the Los Angeles sports landscape.<\/p>\n<p>  <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/08\/by61tkhi5gk9s7mv.jpg\" alt=\"Laker Nation reacts to news of team's sale\" class=\"sr-only\" data-v-892ef6a8=\"\"\/>  <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/08\/by61tkhi5gk9s7mv.jpg\" alt=\"Laker Nation reacts to news of team's sale\" loading=\"eager\" fetchpriority=\"high\" class=\"vod-poster-image\" data-v-5a75adc3=\"\"\/>   <\/p>\n<p data-v-94395e58=\"\">Dr. Jerry Buss originally purchased the franchise in 1979 and passed the ownership torch down to his children following his death.<\/p>\n<p data-v-94395e58=\"\">The family sold majority ownership to Dodgers owner Mark Walter in fall 2025 for $10 billion. Last week, Walter sold the team to Iger and Kushner for a record-breaking $12.5 billion. Walter is currently under federal investigation for tax issues.<\/p>\n<p class=\"group-source-paragraph\" data-v-4fbf7207=\"\">The Source: The Associated Press contributed to this report. This story also was reported using information from ESPN.\u00a0<\/p>\n<p>    <a href=\"https:\/\/www.foxla.com\/tag\/sports\/nba\/lakers\" class=\"tags-tag\" data-v-94395e58=\"\" rel=\"nofollow noopener\" target=\"_blank\">Los Angeles Lakers<\/a><a href=\"https:\/\/www.foxla.com\/tag\/business\" class=\"tags-tag\" data-v-94395e58=\"\" rel=\"nofollow noopener\" target=\"_blank\">Business<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"LOS ANGELES &#8211; Jeanie Buss is reportedly challenging her siblings after they voted to sell their minority stake&hellip;\n","protected":false},"author":2,"featured_media":436370,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[387,48,52,51,1415,47,50,49,129,127],"class_list":["post-436369","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-business","tag-la","tag-la-headlines","tag-la-news","tag-lakers","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news","tag-nba","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/436369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=436369"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/436369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/436370"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=436369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=436369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=436369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}