He really did get out of dodge right on time

When you’re in an industry this long you know shit before others. People talk.

Yeah cuz its not like the 76ers arent also partially owned by a private equity firm and the GM has a of history of doing business with Epstein AFTER he was charged with all his sex crimes. Great vision Bron.

Luka on the other hand….has no idea what is going on

He probably got tipped off something was going to happen.

Yea it’s totally LeBron and not people behind the scenes telling him

I mean, he has insider knowledge.

“I predicted the they would sell the Lakers”

For real, he definitely saw some of this mess coming and wanted to get out.

This was from Jeanie’s attorney’s letter: As you know, this afternoon, Shams Charania of ESPN falsely reported that the six Busssiblings voted to sell the 17.8% ownership stake in the Lakers to Josh Kushner and Bob Iger,and that my client, Jeanie Buss, is “out” as controlling owner. This is just the latest instance of ayears-long pattern whereby Joey and Jesse Buss leak false, defamatory and pernicious“information” to Mr. Charania for the malicious purpose of doing harm to the Los Angeles Lakersso long as Dr. Buss’s chosen successor, Jeanie Buss, carries out her father’s wishes

It’s about to get real ugly lol

They probably will sell but at a higher valuation

It’s really very simple. Just a different way of saying a 20% markup in one year is not enough.

Buss family members trying to force siblings to sell is undefeated.

Not so fun now is it Jeanie?

Second is cash considerations.

Every single time

Bar Man Gets Paid

Next week, Mark Walter needs more money

S3 of Running Point is writing itself

The show is called succession. It’s very good.

Wasn’t there a show about them already where they find out they have a Mexican half brother whose mom worked for the team? I’ve only seen clips scrolling through YouTube shorts but they call the team the LA Waves instead of the Lakers and there’s definitely a Jeannie character and then some dumb brothers.

Winning Time : Born Again

Milfs of LA already exists

It’s already on Netflix - Running Point. Sitcom based loosely on Jeannie Buss. It’s weird, kinda funny, mostly mediocre. They already used the eldest brother plotting behind the main character’s back to sell the team and get control back though.

It’s already on HBO

That family is something man

Rebooting this early is a sign of laziness though

I want to get off of this Succession spin-off/Running Point crossover asap.

did anyone watch that basketball version on Netflix with Kate Hudson? I wonder if it’s any good

Winning Time jumping from Showtime to the 2026 off season was an odd creative choice.

I hate the show but watching this play out in real life is fascinating

Actually not true. Jeanie was able to remain the team’s governor with 15% or more ownership.

The sale is basically a fuck you by her siblings as Jeanie loses the governorship and now completely out.

“An NBA governor holds the absolute highest authority for a franchise, acting as the team’s official owner-representative on the NBA Board of Governors.

Core Powers and Responsibilities
Voting on League Rules: Governors vote on major league-wide changes, including rule changes, refereeing adjustments, and the implementation of new technology like player-tracking.
Approving Team Sales and Moves: They hold the power to vote on whether a new owner can buy an NBA team or if a franchise is permitted to relocate to a new city.
Hiring and Firing Key Executives: They maintain ultimate hire-and-fire authority over the highest-ranking team personnel, including the Team President, General Manager (GM), and Head Coach.
Signing Off on Major Financial Decisions: They must personally approve massive financial commitments, such as player supermax contracts, arena renovations, and luxury tax payments. [1]
Selecting the NBA Commissioner: The Board of Governors is responsible for hiring, evaluating, and determining the contract extension of the NBA Commissioner.”

Seems to say otherwise in the article:

- Streisand argues in the letter that Jeanie Buss remains the controlling shareholder of the Lakers, pursuant to a 2017 court order, and that no sale can take place without her consent.

- “No sale of the JAB Trust’s 17.8% ownership interest in the Los Angeles Lakers, Inc. can be effectuated without approval by the current co-trustees, i.e., Jeanie, Janie and Joey Buss. Pursuant to the JAB Trust and the attached Court Order, the co-trustees are bound to vote the Los Angeles Lakers, Inc. shares to ensure that the minimum 15% ownership requirement is maintained in order to ensure that Jeanie Buss may remain Controlling Owner,” Streisand says in the letter.

- “Any attempt by the co-trustees to do otherwise, and any attempt to aid or abet the co-trustees as such, would constitute a breach of trust, breach of fiduciary duty and be in contempt of court,” he says.

Yeah, they don’t own enough for this to matter materially to the running of the team, aside from Jeanie’s role. Possible that the sale of the Walter shares makes it easier to remove her.

17% allows Jeanie to remain Governor.

Btw, if Jeanie is out, new management will start putting their ppl in by end of the year. Heads will roll, and anyone hired by Jeanie should be worried about their job. Lots of Lifers in Lakers I read.

Correct me if I’m wrong but, if the difference in the % of ownership between Kushner and Iger is less than 17%, wouldn’t Jeanie’s % matter if Kushner/Iger disagree on anything?

Fans don’t like the buss kids the two younger brothers seemed to be good with finding some talent in the late rounds and Jeanie is a fine owner but she runs stuff like it’s a mom and pop shop. I dislike all the owners all together
Edit: wording

GREATEST OFFSEASON EVER

You should check out George Foreman’s kids names.

But does this drama actually matter at all to any regular people?

Welcome to the Buss family. They saved the nba with this.

“Jeanie Buss remains the controlling shareholder of the Lakers, pursuant to a 2017 court order, and that no sale can take place without her consent.”

Her lawyer’s arguing that as a condition of the Trust, the siblings are required to ensure that she keeps getting reelected as governor/controlling shareholder. Obviously, selling the last 17% would counteract that. It’s a pretty strong argument if true.

Yeah I don’t know if we’ll ever get the straight story but I don’t get what her angle is. It could be a very sensible “I don’t trust that guy with my brand” but it seems like there’s got to be more to it. 

Legally lol

She is not; you need to have 15% ownership of the franchise to be a governor

Starring Melania Trump

Because the Lakers were actually owned by Dr. Buss’ trust, of which the Buss kids were trustees. Except it was set up as a tontine, meaning the last surviving child would get full ownership of the team. The older Buss kids are like 25 years older than the two younger Buss kids. If they kept the team in the family, none of the older siblings would have any Lakers related cash to pass on to their own children upon their death. Their share would pass to the trust and most likely to one of the two youngest kids barring some kind of tragedy.

So in order to cash out, all the older Buss kids voted to sell the team. A majority was needed to approve the sale and they got it, all 4 older siblings votes yes, the two younger siblings voted no

“Jeanie Buss remains the controlling shareholder of the Lakers, pursuant to a 2017 court order, and that no sale can take place without her consent.”

Yeah, you’re not sure.

She was in control of operations over her siblings … which is why she was able to sell the team in the first place, even though her siblings supposedly opposed that original sale. Jeanie was the boss.

Bottom line: it’s not as simple as 1/6th share or 1 vs 5.

eff her its over Lakers are doom it was over since she sold to mark walter.

2 sides of the same coin.

Have you been living under a rock? Her two older brothers are Beavis and Butthead.

She did stab them all in the back tho

Jeanie fucked all of them at some point. They were sharpening knives for a while.

They all are lol.

Jeanie is the only competent one.