He enjoys being played around with

Shams was the prize the Buss family won by outplaying the devil while down in Georgia

Like the first job in mankind’s history

So you changed the exact legal language used to add your own opinion in?

The use of the word “and” when listing the 3 co-trustees seems to imply “all,” anyway.

There’s an I win

Give me years of it

Why? Discredited articles probably get even more clicks than legit ones!

Right but trading yourself on insider info is a crime

This is all his fault.

Both sides probably have really high end lawyers telling them that they’re in the right. This is going to get UGLY.

Time to steal the billable hours flair from r/cfb

and seeking unanimous approval to lock down all family shares for four years under a new trust, sources told E

⁵⁄₆ voting to sell suggests that he is not going to get unanimous approval to lock the family shres for 4 years, even leaving aside the dissolution of the current trust

And the bylaws of the new trust would be something to go through very very carefully, if relevant

Yeah, by selling out to Walter last year, Jeanie effectively negated the ability to take ALL available actions to maintain Jeanie as Controlling Owner. A majority owner has no obligation to keep her as Governor, as evidenced by the fact Walter signed an agreement to keep her on for 5 years. So, the trusts’ assertion that she be Governor for life is no longer actionable.

That’s when they were still majority owners. They are no longer majority owners.

This is an open and shut case that Jeanie is likely going to lose. The 2017 court case documents is available. It effectively stated that Jeanie would be controlling owner as long as the trust owns the team and doesn’t touch upon selling the team. This is an attempt for Jeanie to try to remain as the governor of the team because of their >15% stake in the team paired with Mark Walter’s original agreement that she would remain as governor for the next 5 years and using that to argue against not being able to sell.

If they were able to sell 50% of their stake this easily, why would the remaining <18% be more difficult to sell?

Apparently the catch here is that to get the brothers to sign on the first sale they got a clause allowing the sale of remaining shares at the same price that the new owner sold for if he sold his newly purchased shares. So now they are at an “clause you agreed to earlier says we can sell, so you agreed already and we are selling”.

why are you talking like you’re an attorney lmfao

Yeah, the trusts (4 of them) supposedly all call for Jeanie to be Controlling Owner for life. But that ship sailed when SHE arranged the sale of the team last year. Can’t have your cake and eat it too Jeanie. Seems like Iger had an inkling of the family dynamics and their shares when he said they’d honor Walter’s 5 year agreement with her but noted that things could change.

It’s this story/quote from McMenamin that makes me doubt Jeanie is going to win:

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.

Why would Jeanie withhold the information about a new sale and call an emergency meeting to dissolve and change the trust if she and her lawyers were so confident they could keep their part of the team anyway?

Brunson won ny a ring so he is in the clear

I mean I can’t hate on that, it depends on the family

Mine is okay with it, we’re all very close but it gets more complex when you’re talking millions and billions I presume

There’s big questions on if the trust was allowed to sell their shares in the team.

She sold the team to someone she trusted who was already a minority owner. Someone she already had a deep business relationship with.

She has no relationship with Kushner or Iger.

I mean, you’re just wrong on this one dude.

Jerry wanted his kids to play nice but he ultimately laid down ground rules in the family trust requiring the siblings to support Jeanie as the ultimate owner of the team.

You don’t remember all the noise about it being his dream for Jeanie and Magic to run the team? I’ve literally never heard any noise about Joey and Jesse owning the team and I’ve been a fan my whole life.

Jerry wanted Jeanie to own the team because she was clearly the most qualified and the one who cared the most.