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Jeanie Buss faces uncertain future as Lakers governor

19 hours ago 6

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The Lakers’ ownership situation remains unsettled, with Jeanie Buss facing a difficult path to remain the franchise’s governor.

Mark Walter recently agreed to sell his Lakers shares to Josh Kushner and Bob Iger in a deal valuing the franchise at $12.5 billion. Meanwhile, Buss is trying to prevent her five siblings from selling the family’s remaining 17.8% stake to the new ownership group.

The court battle could determine her future. NBA rules require a governor to own at least 15% of a franchise, meaning Buss could lose the position if her siblings complete their sale.

One potential solution would be acquiring additional shares, but two existing minority owners have no intention of selling.

“[Patrick] Soon-Shiong and [Ed] Roski [Jr.] have made the determination, as has Jeanie, that the value of Lakers stock will continue to increase over the value of the stock in the current proposed offer for the purchase by a group led by Bob Iger and Joshua Kushner of Lakers stock owned by Mark Walter,” the petition states. “And, for that reason, they have no intent to sell their Lakers stock at this time.

“They also believe that Jeanie is the right person to continue as the Controlling Owner and NBA Governor of the Lakers to help preserve and continue to grow the value of their Lakers stock investments.”

Soon-Shiong owns roughly 4% of the Lakers and Roski around 3%, taking about 7% of the franchise off the table for Buss.

Buying shares from her siblings is technically another option, but their long-running family tensions and the Lakers’ rising valuation make such an agreement unlikely.

Complicating matters further, Kushner is reportedly expected to become Lakers governor once his and Iger’s purchase becomes official. For Buss, much now depends on the outcome of her legal fight with her siblings.

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