{"id":817031,"date":"2026-08-17T23:12:11","date_gmt":"2026-08-17T23:12:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/817031\/"},"modified":"2026-08-17T23:12:11","modified_gmt":"2026-08-17T23:12:11","slug":"lakers-buss-family-intends-to-sell-removing-jeanie-buss-from-governor-role-sources","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/817031\/","title":{"rendered":"Lakers\u2019 Buss family intends to sell, removing Jeanie Buss from governor role: Sources"},"content":{"rendered":"

The Buss family intends to sell its remaining shares in the Los Angeles Lakers, according to multiple sources who spoke on the condition of anonymity to describe ongoing deliberations, which would force Jeanie Buss to relinquish her title as the team\u2019s governor and end the family\u2019s nearly half-century stewardship of one of the most iconic franchises in sports.<\/p>\n

The move follows last week\u2019s agreement by majority owner Mark Walter to sell to Bob Iger and Josh Kushner in a deal that valued the Lakers at $12.5 billion<\/a>.<\/p>\n

The beneficiaries of the Buss family trust needed at least four of six votes to approve the intent to sell, according to a source with knowledge of the talks, who spoke on the condition of anonymity because of the sensitive nature of the deal. The trust, which is made up of six of Jerry Buss\u2019 children \u2014 Jeanie, Jim, Johnny, Janie, Joey and Jesse \u2014 conducted a vote last week regarding selling. The trust\u2019s three trustees, Jeanie, Janie and Joey Buss, now must enact the actual sale.<\/p>\n

If the Buss Family Trust successfully executes the sale, Jeanie Buss will be unable to remain as the team\u2019s governor, as league rules require at least 15 percent ownership to serve in the role. Buss retained her governorship for a period of at least five years as part of the deal to sell controlling ownership of the Lakers to Walter last summer.<\/p>\n

It\u2019s unclear whether Jeanie Buss voted along with the majority. Calls to Lakers spokespeople were not immediately returned.<\/p>\n

The trust voted last June to sell its controlling interest in the team to Walter at a $10 billion valuation while retaining a minority stake of approximately 18 percent.<\/p>\n

Everything we know about the Lakers being sold again<\/p>\n

Dan Woike<\/p>\n

In an interview with the California Post last week<\/a>, Iger said the Lakers\u2019 new ownership group would honor the governorship agreement between Walter and Jeanie Buss.<\/p>\n

\u201cWe have enormous respect and appreciation for Jeanie, her father and what they\u2019ve contributed to this franchise,\u201d Iger told the California Post Wednesday. \u201cAnd we have every intention to honor the agreement that was made between Mark and Jeanie. If things change, they\u2019ll change, but we\u2019re going into this with enormous respect and appreciation for who she is and what she represents in the organization.\u201d<\/p>\n

Jerry Buss purchased the Lakers in 1979 for $67.5 million. <\/p>\n

This story will be updated.<\/p>\n","protected":false},"excerpt":{"rendered":"The Buss family intends to sell its remaining shares in the Los Angeles Lakers, according to multiple sources…\n","protected":false},"author":2,"featured_media":817032,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[1055,355,99,1794],"class_list":["post-817031","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports","tag-los-angeles-lakers","tag-nba","tag-sports","tag-sports-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/817031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=817031"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/817031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/817032"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=817031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=817031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=817031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}