Five Buss Siblings Defend Pending Lakers Stake Sale

Five of Jeanie Buss’ siblings filed a formal court opposition to her effort to block the Buss Family Trust from selling its 17.8% Lakers stake as part of the pending ownership transaction involving Joshua Kushner’s group and Bob Iger, valued at $12.5 billion. The siblings argue the trust can exercise its right to join the sale and say Jeanie’s petition is legally and factually baseless; Jeanie contends their vote was invalid and has asked the court to remove Janie and Joey as trustees. The dispute could affect Jeanie’s position as Lakers governor, since the trust’s stake helps her meet NBA ownership requirements. A court hearing is scheduled for Dec. 8, while the siblings say they remain focused on moving the transaction forward and treating all beneficiaries equally.