Jeanie Buss has publicly stated that she has not agreed to sell the family's 17.8% stake in the Lakers, asserting her position as the controlling shareholder based on a 2017 court order.
Her attorney, Adam Streisand, emphasized that any vote to sell would be invalid without her consent, highlighting the legal framework that binds the co-trustees of the JAB Trust, which includes Jeanie, Janie, and Joey Buss. This situation arises amidst reports that Iger and Kushner were set to acquire a majority stake in the Lakers, valuing the team at $12.5 billion.
Jeanie Buss's desire to retain her stake is driven by both financial considerations and her role as the team's governor. This conflict could have significant implications for the Lakers' governance and strategic decisions moving forward