The battle of the Busses over the future of their stake in the Los Angeles Lakers is officially becoming a legal matter. Again.
Jeanie Buss has petitioned a Los Angeles Superior Court to block her five siblings from selling the family's remaining 17.8% stake in the Lakers, which she claims to be a scheme to remove her from her role as team governor, according to The Athletic's Sam Amick and Melody Gutierrez.
A court hearing is reportedly scheduled for Nov. 5.
The five other siblings — Johnny, Jim, Janie, Joey and Jesse — announced their intention to sell days after majority owner Mark Walter, who bought the lion's share of the team from the Busses last year, was reported to be selling his stake in the team to Josh Kushner and Bob Iger, at a record valuation of $12.5 billion.
The five siblings reportedly voted to invoke a "tag-along" clause to sell their stake to Kushner and Iger, prompting a response from Jeanie's lawyer declaring any vote to sell as "void."
#stake #angeles
Jeanie Buss has petitioned a Los Angeles Superior Court to block her five siblings from selling the family's remaining 17.8% stake in the Lakers, which she claims to be a scheme to remove her from her role as team governor, according to The Athletic's Sam Amick and Melody Gutierrez.
A court hearing is reportedly scheduled for Nov. 5.
The five other siblings — Johnny, Jim, Janie, Joey and Jesse — announced their intention to sell days after majority owner Mark Walter, who bought the lion's share of the team from the Busses last year, was reported to be selling his stake in the team to Josh Kushner and Bob Iger, at a record valuation of $12.5 billion.
The five siblings reportedly voted to invoke a "tag-along" clause to sell their stake to Kushner and Iger, prompting a response from Jeanie's lawyer declaring any vote to sell as "void."
#stake #angeles
19 days ago
