Sports News Report
League: NBASport: BasketballCountry: United StatesCategory: Breaking News

Jeanie Buss and siblings sell ownership stake in Lakers

Yahoo Sports • 1 min read • Latest: Aug 18, 2026, 1:34 AM

Last updated Aug 18, 2026

Jeanie Buss and siblings sell ownership stake in Lakers
Summary

The Los Angeles Lakers' ownership structure shifts as the Buss family sells its remaining 17.8% stake in the franchise to new majority owners Josh Kushner and Bob Iger. This decision follows a tumultuous summer for the Lakers, marked by financial difficulties under previous owner Mark Walter and internal disputes among the Buss siblings. Jeanie Buss, who once served as the team's representative on the NBA's board of governors, is now out after a vote among her siblings. The franchise, now valued at $12.5 billion, faces a significant transition in ownership and management amid a backdrop of family infighting.

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Yahoo Sports
Latest Updates
  • •Buss family votes to sell 17.8% stake in Lakers
  • •Jeanie Buss is out as representative on NBA board
  • •Franchise sold for $12.5 billion amid internal strife
  • •Ownership changes come after financial issues with Mark Walter
  • •The Buss family had owned the team since 1979
Latest Updates
  • 1:34 AMYahoo Sports — Lakers Latest ‘Wild’ Move Fueled by Internal Intrigue
What they're saying
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The Los Angeles Lakers' wild summer took another turn on Monday as longtime owner Jeanie Buss took an unexpected hit. The post Lakers Latest ‘Wild’ Move Fueled by Internal Intrigue appeared first on HEAVY.

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Los Angeles LakersNBABasketball

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