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Jeanie Buss challenges Lakers stake sale to Kushner, Iger

8/19/2026

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Summary

Story summary

Jeanie Buss is contesting her siblings’ vote to sell Lakers’ 17.8% stake to Josh Kushner and Bob Iger.
The siblings voted 5-0 on August 17, 2026 at a $12.5 billion valuation set by Mark Walter, raising Kushner and Iger’s ownership to 83% from 65%.
Jeanie’s lawyer cites a 2017 court order requiring her, Janie and Joey’s approval, saying the sale would drop her below the 15% ownership rule and end her governor role.

History

Historical Context

In 2011 Frank McCourt sold the Los Angeles Dodgers to Guggenheim Baseball Management, a group led by Mark Walter and Magic Johnson, for $2.15 billion—roughly 2½ times the prior MLB record. Approved in May 2012, the transaction spurred further high-value franchise sales and a $8.35 billion regional TV deal in 2013, lifting the Dodgers’ valuation to $7.8 billion by 2026.

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Story summary

Jeanie Buss is contesting her siblings’ vote to sell Lakers’ 17.8% stake to Josh Kushner and Bob Iger.
The siblings voted 5-0 on August 17, 2026 at a $12.5 billion valuation set by Mark Walter, raising Kushner and Iger’s ownership to 83% from 65%.
Jeanie’s lawyer cites a 2017 court order requiring her, Janie and Joey’s approval, saying the sale would drop her below the 15% ownership rule and end her governor role.

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