Buss Family to Sell Remaining Lakers Stake as Jeanie Buss Prepares to Exit

8 minutes ago

Buss Family to Sell Remaining Lakers Stake as Jeanie Buss Prepares to Exit

The Buss family has decided to sell its remaining Lakers trust shares to the Bob Iger group, ending the family’s ownership role after the ongoing transaction closes. Jeanie will no longer hold the percentage required to remain governor, with NBA rules mandating at least 15% ownership. The family said it is time to “move on and exit gracefully.”

By Raahib Singh

Other articles from NBA

Never miss an update! Download our app now.