Jeanie Buss is mounting a legal challenge against her siblings' decision to sell the Los Angeles Lakers' remaining 18% stake to former Disney CEO Bob Iger and venture capitalist Josh Kushner. Buss, who has controlled the franchise since her father Jerry Buss's death in 2013, reportedly opposes the transaction that her family members approved without her support.
The sale represents a significant shift in the Lakers' ownership structure. Iger and Kushner would join existing stakeholder Jeannie's position as major investors in one of basketball's most valuable franchises. The move signals potential changes in the team's direction and decision-making hierarchy, particularly concerning Buss's executive authority.
Buss has steered the Lakers through turbulent years marked by personnel conflicts, notably her well-publicized disputes with legendary coach Phil Jackson and general manager Rob Pelinka. Her ownership tenure has been defined by high-profile trades, coaching changes, and the acquisition of LeBron James in 2018. These moves generated mixed results: a championship in 2020 during the pandemic bubble, but subsequent playoff disappointments.
The reported contest raises questions about family dynamics within the Buss dynasty and the future governance of a franchise valued at approximately $6 billion. Iger brings entertainment industry credentials and strategic vision honed at Disney. Kushner, son of real estate magnate Charles Kushner, represents newer wealth and venture capital influence.
This dispute unfolds against a backdrop of broader NBA ownership transitions. Multiple franchises have changed hands in recent years as older ownership groups ceded control to tech entrepreneurs and entertainment figures. The Lakers' sale potentially accelerates this generational shift in basketball's power structure.
Buss's challenge suggests deeper family divisions over the team's strategic direction. Her public persona as the Lakers' face has made her synonymous with the organization since 2013. Any loss of control could reshape how the franchise operates and competes in an increasingly competitive Western Conference.