Los Angeles Lakers governor Jeanie Buss is contesting her family's plans to sell sell its remaining shares in the NBA team to new majority owners Joshua Kushner and Bob Iger.
In a letter obtained by USA TODAY Sports and first reported by CNBC, Buss' attorney Adam F. Streisand refuted an earlier report from ESPN that all six siblings – Jim, Johnny, Janie, Jeanie, Joey and Jesse – had voted to sell their 17.8% ownership stake and that Jeanie was effectively out as team governor. He ****** erted that any such vote "would be and is void ab initio," or completely null and void from the moment it was made.
Streisand maintained that Jeanie Buss remains the controlling owner of the Buss family's stakes, citing a 2017 court order – also obtained by USA TODAY Sports – that established the co-trustees of the JAB Trust must "take all actions reasonably available to them" to ensure Jeanie Buss is elected controlling owner every year for the remainer of her lifetime. Selling their shares below the required 15% for Jeanie Buss to serve as the face of ownership would, Streisand says in the letter, violate the order.
LAKERS: Buss family intends to sell remaining stake despite Jeanie Buss' opposition
Jeanie Buss attorney letter by schristie

#buss #letter