Full Breakdown
Jeanie Buss Seeks Court Order to Halt Family Sale of Lakers Stake
8/27/2026, 4:03:22 AM
Petition to Block Sale of Remaining 17.8% Stake
On a Wednesday filing in Los Angeles Superior Court, Jeanie Buss and the Running Point EP petitioned to stop her five siblings from selling the Buss family’s remaining 17.8 % ownership in the Los Angeles Lakers. A hearing is scheduled for November 15. If the sale proceeds, Jeanie would fall below the 15 % threshold required to retain her governor role with the franchise.
Family Ownership Background
Dr. Jerry Buss built the Lakers into an 11-championship franchise and retained a controlling stake until his death. In June 2025 the family sold most of its holdings to Mark Walter for a reported $10 billion, a transaction that left Jeanie with a five-year governor term. Two siblings, Joey and Jesse Buss, were removed from team roles after that sale. The remaining siblings have sought to liquidate the last 17.8 % stake, citing the “continuously skyrocketing value” of the team.
Official Statements & Responses
Bob Iger, co-owner of the Lakers, has publicly expressed support for Jeanie Buss.
Data & Statistics
- Remaining family stake: 17.8 % of the Lakers.
- Prior sale to Mark Walter (June 2025): $10 billion.
- Current majority owners Bob Iger and Josh Kushner acquired over 63 % of the franchise for $12.5 billion on August 17.
- Lakers’ 2026/2027 season begins October 20.
What’s Next
The court will consider the petition on November 15. Meanwhile, the NBA Board of Governors is slated to meet September 15-16 to vote on the pending ownership change. Reps for Iger and Kushner declined comment on the family dispute.
Verbatim Quotes
- “We have enormous respect and appreciation for Jeanie, her father and what they’ve contributed to this franchise,” — Bob Iger