Jeanie Buss contesting family's sale of stake in Lakers - ESPN

Lakers governor Jeanie Buss is contesting her siblings' vote to sell the family's remaining 17.8% stake in the team, according to a letter from her lawyer Adam Streisand obtained by ESPN.
The Buss family agreed to sell their remaining shares to Josh Kushner and Bob Iger at the same $12.5 billion valuation Mark Walter secured last week, citing a tag-along provision from the June 2025 sale to Walter.
Jeanie Buss argues that a 2017 court ruling requires approval from all three co-trustees — Jeanie, Janie and Joey Buss — before any sale can be finalized, and that the siblings are bound to preserve her minimum 15% ownership.
Controlling ownership of the franchise is at stake, since Buss would lose the ownership percentage needed to remain governor if the transaction proceeds; her earlier agreement with Walter was to stay controlling owner through 2030.
Iger told the California Post he intended to honor that agreement but added, "If something changes, then it changes," and met with Buss late last week to discuss the transition from Walter.
Buss was the only sibling who did not vote to sell on Monday and reportedly did not respond to the family vote; Streisand demanded the five other siblings publicly affirm her as controlling owner and take no action on the sale.