Jeanie Buss remains Lakers governor after recent record sale

Yahoo Sports1 min read • Latest: Aug 12, 2026, 5:19 PM

Last updated Aug 12, 2026

Jeanie Buss remains Lakers governor after recent record sale
Summary

The Los Angeles Lakers have been sold to an ownership group led by Josh Kushner and Bob Iger for a record $12.5 billion, only a year after Mark Walter purchased the team for $10 billion. Jeanie Buss, who retained a 17 percent minority ownership when the Buss family sold the majority stake, will continue as the team's controlling governor for at least five more years, maintaining her role despite the ownership change. The Lakers have not clarified the team's new leadership structure following the sale. Buss has not commented on the recent transaction.

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Latest Updates
  • Lakers sold for a record $12.5 billion to Kushner and Iger.
  • Buss retains 17 percent minority ownership, meeting NBA governor requirement.
  • Buss will remain controlling governor for at least five years.
  • No clarification yet on new leadership structure after the sale.
  • Buss has not publicly commented on the sale.
Latest Updates
  • 5:19 PMYahoo SportsWhat Jeanie Buss’ future with LA Lakers could look like after second sale in a year
What they're saying
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The Los Angeles Lakers have just had another takeover only a year after Mark Walter bought the team for $10 billion. Walter has now sold the Lakers to an ownership group led by Josh Kushner and Bob Iger for a record-breaking $12.

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