Buss Family Dispute Puts Remaining Lakers Ownership Stake in Court

Buss family dispute puts remaining Lakers ownership stake in court

Los Angeles Lakers controlling owner Jeanie Buss has asked a California court to block her five siblings from selling the Buss Family Trust’s remaining stake in the franchise. Her petition, filed Wednesday in Los Angeles Superior Court, argues that retaining enough shares to preserve control and benefit from the team’s rising value best serves the trust established by her parents. Buss is also seeking to remove siblings Janie and Joey as co-trus…

Former Lakers player tried to buy a minority stake in the team

The ownership of the Los Angeles Lakers has been one of the biggest stories in sports as of late with Mark Walter selling his majority shares of the franchise to Bob Iger and Josh Kushner, and the Buss siblings trying to do the same with their minority shares with Jeanie Buss fighting that legally. Even other minority owners of the Lakers have had to come out and say they aren’t selling their shares, but there is one person tried to be amongst t…