Jeanie Buss says siblings can't sell family's Lakers stake, vote is 'void'

New York Post - Sports
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1 Video View·Aug 18, 2026
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The Lakers just got a new $12.5 billion owner in Mark Walters' group.
And before the inks even dry, there's already a family war breaking out over who gets to sell what's left.
Brace yourself, people, because this is going to get messy, and here's what we know so far.
So now former Lakers president, Jeannie Buss' five siblings, Jim, Johnny, Janie, Joey, and Jessie,
reportedly voted 5-0 to sell the family's remaining 17.8% stake in the Lakers to Bob Iger and Josh Kushner.
At that same $12.5 billion number Walters is selling it at.
But here's the thing, Jeannie didn't take part in that vote, and now her lawyer is saying the whole thing is void.
Now her claim is at a 2017 court order that says no sale of that stake can happen without approval from three specific co-trustees, Jeannie, Janie, and Joey.
And here's the real stakes for Jeannie personally.
NBA rules require a governor to hold at least 15% ownership.
So if this sale goes through the way her siblings want it to, she could lose the ownership percentage that keeps her as the Lakers' governing all together.
Now this is still a developing legal dispute with competing claims on both sides.
Jeannie's team is pointing to the 2017 trust order, whereas the siblings are pointing to a tag-along provision from the Walters sale.
So brace yourselves, Lakers fans, this is headed for a legal fight, and we'll know more as the paperwork gets filed.
But with news like this, losing LeBron James is the least of the Lakers' problems.
