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Five Buss siblings 'united' in decision to sell Lakers shares - ESPN

Five Buss siblings 'united' in decision to sell Lakers shares - ESPN

World8/18/20261 min read

Five of the six members of the Buss trust say they are "united" in their intention to sell their remaining shares in the Lakers, despite pushback from Jeanie Buss.

✨ Key Highlights

  • Five of the six members of the Buss family trust β€” Johnny, Jimmy, Janie, Joey and Jesse β€” issued a statement saying they are "united" in their decision to sell the family's remaining stake in the Los Angeles Lakers.
  • The lone holdout is Jeanie Buss, the team's current governor and the only sibling to abstain from the vote, who has declared she will contest her siblings' decision.
  • The family voted Monday to invoke a tag-along provision to add their remaining 17.8% shares to the sale of the franchise to Josh Kushner and Bob Iger at a $12.5 billion valuation.
  • The sale follows a June 2025 deal to Mark Walter valuing the team at $10 billion; some siblings reportedly felt frustrated and misled by Jeanie over what they viewed as a rushed process, and pressured to vote "yes."
  • Kushner and Iger are acquiring roughly 65% of the franchise from Walter, a stake that would rise to about 83% with the addition of the Buss family shares.
  • Jeanie's lawyer Adam Streisand cited a 2017 court ruling that he argues requires her approval for any sale, demanding the family publicly affirm her as controlling owner and halt the vote; a completed sale would cost her that status.
Aug 18, 2026, 04:43 PM ET The Buss family reiterated their intention to sell their remaining shares in the Los Angeles Lakers, saying in a statement that five of the six members of the Buss trust ar