NBAYesterday
Buss Siblings Submit Filing in Lakers Ownership Dispute
Five family members move to advance sale of remaining franchise stake against sister's challenge.
By OddsListing wire desk
· 1 min read
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Case Advances to Court
Five Buss siblings have formally opposed their sister Jeanie's effort to halt the sale of the family's remaining Lakers ownership interest. The group seeks to complete the transaction with Josh Kushner and Bob Iger's group, which agreed to buy the team at a 12.5 billion dollar valuation. The siblings' 36-page response addresses a 97-page petition filed earlier by Jeanie's legal team. A hearing originally set for Nov. 5, 2026, was moved to Dec. 8, 2026.
Arguments Over Trust Terms
The filing counters claims tied to a 2017 court order that named multiple siblings as co-trustees. It states the order does not restrict beneficiaries from ending the trust or block the current sale process. The siblings emphasize that all beneficiaries, including Jeanie, must receive equal treatment under the trust terms.
Financial Stakes and Positions
The trust stands to receive 2.2 billion dollars through the tag-along provision tied to the 12.5 billion dollar deal. The response also notes a side agreement allowing Jeanie to stay as director and controlling owner for five years after an earlier ownership change. The siblings argue this arrangement creates a conflict with her duties to the trust and its other beneficiaries, including the 17.82 percent stake involved.
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