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

Lakers VP of finance calls emergency family meeting on trust issues

Yahoo Sports • 1 min read • Latest: Aug 17, 2026, 8:33 PM

Last updated Aug 17, 2026

Lakers VP of finance calls emergency family meeting on trust issues
Summary

Joe McCormack, the Lakers senior VP of finance, convened an emergency meeting of the Buss siblings on August 14 to discuss potential changes to their family trust. The meeting focuses on the dissolution of the current trust and gaining unanimous approval to secure all family shares for four years under a new trust. Sources have reported on the significance of these moves for the Lakers organization and its ownership structure moving forward.

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Yahoo Sports
Key Details
  • •Meeting was held on August 14, 2026.
  • •McCormack seeks unanimous approval from Buss siblings.
  • •Discussion involves dissolving the current family trust.
  • •Proposal includes locking down family shares for four years.
  • •Future implications for Lakers organization are significant.
Latest Updates
  • 8:33 PMYahoo Sports — Lakers senior VP of finance, Joe McCormack, called for …
What they're saying
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Lakers senior VP of finance, Joe McCormack, called for …

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Los Angeles LakersNBABasketball

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