[McMenamin]Lakers senior VP of finance, Joe McCormack, called for an emergency meeting of the Buss siblings last Monday to discuss a dissolution of the family trust and seeking unanimous approval to lock down all family shares for four years under a new trust
Lakers senior VP of finance, Joe McCormack, called for an emergency meeting of the Buss siblings last Monday to discuss a dissolution of the family trust and seeking unanimous approval to lock down all family shares for four years under a new trust, sources told ESPN’s Dave McMenamin.
The meeting was held Tuesday. During the meeting, there was no mention of a pending sale between Mark Walter and Bob Iger/Josh Kushner, sources told ESPN. The next day, Walter’s agreement to sell the team was reported by ESPN’s Ramona Shelburne.
Source: https://www.espn.com.au/nba/story/_/id/49641147/sources-buss-family-selling-remaining-stake-lakers