Jeanie Buss and siblings sell ownership stake in Lakers

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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