Lakers Ownership Changes: Kushner, Iger Acquire Stake, Jeanie Buss Steps Down
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Lakers Ownership Changes: Kushner, Iger Acquire Stake, Jeanie Buss Steps Down

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The Buss family has decided to sell their remaining ownership stake in the Los Angeles Lakers to Josh Kushner and Bob Iger, resulting in Jeanie Buss stepping down as the team’s governor.

The decision marks a significant shift in ownership for the iconic basketball franchise. The Buss family, who have controlled the Lakers since 1979, are relinquishing their remaining stake to Kushner and Iger. This move comes after years of family control over the team.

As part of the agreement, Jeanie Buss will no longer serve as the Lakers governor. The governor is the principal owner and public face of the franchise, responsible for overseeing all basketball operations and representing the team to the NBA and the public.

The reason for the sale was not explicitly stated in the source.

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