Jeanie Buss, the governor of the Los Angeles Lakers, is in a legal battle with her siblings over the sale of the team's remaining shares. The dispute centers around a tag-along provision in a previous sale agreement, which grants the family the right to tag along to any sale and valuation secured by Mark Walter. Jeanie Buss, who was set to remain the controlling owner for five years, is now contesting the sale to Josh Kushner and Bob Iger, valuing the team at $12.5 billion. Her lawyer, Adam Streisand, argues that a 2017 court ruling mandates approval from the co-trustees, including Jeanie, Janie, and Joey Buss, to effect any sale. This ruling, according to Streisand, also ensures the maintenance of a minimum 15% ownership requirement for Jeanie Buss to remain the controlling owner. The situation has raised questions about the family's internal dynamics and the potential implications for the team's future ownership structure. The conflict highlights the complexities of family-owned sports franchises and the legal battles that can arise when family members disagree on the direction of the business. As the legal proceedings unfold, the Lakers' fans and stakeholders eagerly await the outcome, which could significantly impact the team's future and the legacy of the Buss family in the NBA.
