On Monday, Josh Kushner and Bob Iger, who agreed to purchase the majority share of the Los Angeles Lakers that Mark Walter bought last October, became set to also purchase the share of the team that the Buss family still owns.
The family voted to sell its stake in the franchise to Kushner and Iger, but that transaction has hit a snag because Jeanie Buss, the governor of the Lakers, is contesting that vote, according to ESPN.
"Los Angeles Lakers governor Jeanie Buss is contesting her siblings' vote to sell the family's remaining 17.8% share of the Lakers, according to a letter from her lawyer obtained by ESPN," wrote Ramona Shelburne.
"ESPN's Shams Charania reported earlier Monday that the Buss family voted to sell their remaining shares to Josh Kushner and Bob Iger at the same $12.5 billion valuation that Mark Walter agreed to last week. They believe they have the right to sell based on a tag-along provision that had been included in the previous sale to Walter in June 2025. Sources told ESPN that provision gave the family rights to tag along on any sale and valuation Walter secured for his shares."
Per the original transaction involving Walter, Kushner and Iger, Buss was set to remain the Lakers' governor through 2030. But if the Buss family is to sell its stake, she would no longer hold that role.
#buss #iger #sell
The family voted to sell its stake in the franchise to Kushner and Iger, but that transaction has hit a snag because Jeanie Buss, the governor of the Lakers, is contesting that vote, according to ESPN.
"Los Angeles Lakers governor Jeanie Buss is contesting her siblings' vote to sell the family's remaining 17.8% share of the Lakers, according to a letter from her lawyer obtained by ESPN," wrote Ramona Shelburne.
"ESPN's Shams Charania reported earlier Monday that the Buss family voted to sell their remaining shares to Josh Kushner and Bob Iger at the same $12.5 billion valuation that Mark Walter agreed to last week. They believe they have the right to sell based on a tag-along provision that had been included in the previous sale to Walter in June 2025. Sources told ESPN that provision gave the family rights to tag along on any sale and valuation Walter secured for his shares."
Per the original transaction involving Walter, Kushner and Iger, Buss was set to remain the Lakers' governor through 2030. But if the Buss family is to sell its stake, she would no longer hold that role.
#buss #iger #sell
2 months ago
