Jeanie Buss to contest siblings’ plan to sell their Lakers minority ownership stake to Kushner, Iger

LOS ANGELES (AP) — Los Angeles Lakers governor Jeanie Buss is legally contesting her siblings’ plan to sell the family’s remaining 17.8% minority ownership stake in the team to Josh Kushner and Bob Iger, according to a letter obtained Monday by The Associated Press.

ESPN and The Athletic first reported that the siblings had voted to sell the family trust’s remaining interest in the 17-time NBA champion team purchased by their father, Jerry Buss, in 1979. The decision would end Jeanie Buss’ tenure as the Lakers’ governor because that job requires at least 15% ownership of the team.

Jeannie Buss’ attorney, Adam Streisand, wrote to representatives for her five siblings to state that any decision to sell the family trust’s ownership stake could not be “effectuated without approval of the current co-trustees, Jeanie, Janie and Joey Buss.”