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Jeanie Buss to contest siblings' plan to sell their Lakers minority ownership stake to Kushner, Iger

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Jeanie Buss to contest siblings' plan to sell their Lakers minority ownership stake to Kushner, Iger
Sport

Sport

Jeanie Buss to contest siblings' plan to sell their Lakers minority ownership stake to Kushner, Iger

2026-08-18 08:34 Last Updated At:08:40

LOS ANGELES (AP) — Los Angeles Lakers governor Jeanie Buss is legally contesting her siblings' plan to sell the family's remaining 17.8% minority ownership stake in the team to Josh Kushner and Bob Iger, according to a letter obtained Monday by The Associated Press.

ESPN and The Athletic first reported that the siblings had voted to sell the family trust's remaining interest in the 17-time NBA champion team purchased by their father, Jerry Buss, in 1979. The decision would end Jeanie Buss' tenure as the Lakers' governor because that job requires at least 15% ownership of the team.

Jeannie Buss' attorney, Adam Streisand, wrote to representatives for her five siblings to state that any decision to sell the family trust's ownership stake could not be “effectuated without approval of the current co-trustees, Jeanie, Janie and Joey Buss.”

The letter further states that 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. 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.”

Jeanie Buss has been the Lakers’ governor since Jerry Buss’ death in 2013, and she led the family’s decision to sell a controlling stake in the Lakers to Dodgers owner Mark Walter last year at a valuation of $10 billion. Walter, who is under federal investigation for tax issues, abruptly reached a deal earlier this month to flip the Lakers to Kushner and Iger at a valuation of $12.5 billion, another record for a pro sports team.

Venture capitalist Kushner and former Disney CEO Iger are reportedly buying about 65% of the team from Walter. They would own about 83% if they reach a deal with the Buss siblings — and Jeanie Buss would lose the governor role that she had been slated to keep at least through 2030 under the deal with Walter.

The Buss siblings have been in frequent conflict since their father’s death, with Jeanie firing Jim from his job as the Lakers’ head of basketball operations in 2017, followed a week later by a lawsuit against her brothers amid an attempt by Jim and Johnny to oust Jeanie from her role as the Lakers’ controlling owner.

Not all of the six Buss siblings were in favor of the sale to Walter, and Joey and Jesse were fired from their front-office jobs with the team last November.

The siblings say they voted this month to sell their family's remaining interest in the Lakers, but Jeanie Buss claims any vote is void. ESPN reported that Jeanie Buss was the only sibling who didn't support the final sale.

“We have decided as a family to sell the remaining Buss Family Trust shares to the Bob Iger group as part of the ongoing transaction,” the Buss family said in a statement. “We love the Lakers, Laker fans and will continue to support Los Angeles, but it is time to use this opportunity to move on and exit gracefully while we still can.”

In his letter, Streisand said Joey and Jesse Buss have leaked information to ESPN for many years “for the malicious purpose of doing harm to the Los Angeles Lakers so long as Dr. Buss’s chosen successor, Jeanie Buss, carries out her father’s wishes.”

Jerry Buss was a chemist and real estate investor who bought the Lakers, the NHL's Los Angeles Kings and the Forum arena from Jack Kent Cooke for $67.5 million. The Lakers quickly entered a renaissance in which they became known for their flashy “Showtime” style of play while winning five NBA titles between 1980 and 1988 behind Magic Johnson and Kareem Abdul-Jabbar.

While the NBA and professional sports became increasingly more corporate, the Lakers remained essentially a family business despite their massive profile and steady success. Jerry Buss and the Lakers have employed many of the basketball world's greatest players and coaches of the past five decades, and Kobe Bryant led the Lakers to five additional championships between 2000 and 2010 before LeBron James added the 17th in 2020.

The sale agreement with Kushner and Iger still must be approved by the NBA's board of governors, and the process could take months.

AP NBA: https://apnews.com/NBA

FILE - Crypto Arena is viewed before a Los Angeles Lakers NBA basketball game against the Memphis Grizzlies, Jan. 4, 2026, in Los Angeles. (AP Photo/Ethan Swope, File)

FILE - Crypto Arena is viewed before a Los Angeles Lakers NBA basketball game against the Memphis Grizzlies, Jan. 4, 2026, in Los Angeles. (AP Photo/Ethan Swope, File)

FILE - Disney chief executive Bob Iger arrives at the 96th Academy Awards Oscar nominees luncheon on Feb. 12, 2024, in Beverly Hills, Calif. (Photo by Jordan Strauss/Invision/AP, File)

FILE - Disney chief executive Bob Iger arrives at the 96th Academy Awards Oscar nominees luncheon on Feb. 12, 2024, in Beverly Hills, Calif. (Photo by Jordan Strauss/Invision/AP, File)

FILE - Los Angeles Lakers owner Jeanie Buss attends the team's NBA preseason basketball game against the Minnesota Timberwolves, Oct. 12, 2022, in Los Angeles. (AP Photo/Jae C. Hong, File)

FILE - Los Angeles Lakers owner Jeanie Buss attends the team's NBA preseason basketball game against the Minnesota Timberwolves, Oct. 12, 2022, in Los Angeles. (AP Photo/Jae C. Hong, File)

SWANSEA, Wales (AP) — Fans crowded outside a Welsh church Monday where family and friends remembered husky-voiced singer Bonnie Tyler as a star loved worldwide.

Tyler's “If I Sing You A Love Song" played as her rose-covered coffin was carried into Swansea Minster for the invite-only funeral that was projected on a screen outside. Her “It’s a Heartache” played as the coffin was placed in front of the altar.

“Bonnie was always a star but never a diva,” her manager, Matthew Davis, said in one of several tributes. “She never forgot her roots or where she came from. She would have been amazed and very gratified at the massive outpouring of love from all over the world that has occurred since her sudden and unexpected passing.”

The Grammy-nominated pop star, beloved for her 1983 chart-topping power ballad “Total Eclipse of the Heart,” died last month in a hospital in Portugal at 75. She had been hospitalized in May in Faro, where she had a home, for emergency intestinal surgery.

The funeral was held less than a week after her signature song served as the soundtrack at celebrations marking a total eclipse that darkened skies across parts of Europe.

Crowds lined the streets Saturday in her seaside Welsh village of Mumbles as a hearse carried her coffin, draped in a Welsh flag, home.

Kathleen Davies, who joined the crowd outside the church, said she was starstruck when she first saw Tyler but later came to learn she was down to earth.

“She’s Welsh through and through,” Davies said. "Everything about her, she’s natural, there’s no fake stuff. When you see her on the interviews, she’s just who she is.”

Tyler was born Gaynor Hopkins, a coal miner’s daughter in public housing with an outside toilet in Skewen, Wales, about 7 miles (11 kilometers) outside Swansea. She grew up with three sisters and two brothers.

Canon Justin Davies said in a eulogy written by her family that she first performed in a contest at a rugby club in the late 1960s, singing ”Those Were The Days,” made famous by Mary Hopkin.

“She came in second and won just one pound, but was hooked," Davies said. “The rest, as they say, was history.”

Tyler went on to earn three Grammy nods and in 2013 represented Britain at the Eurovision Song Contest, where she came in 19th. She was honored as a Member of the Order of the British Empire in 2022 for her services to music by Queen Elizabeth II, thanks mainly to “Total Eclipse of the Heart.”

The ballad shot to the top of the charts in Britain and the United States and has had more than 1 billion streams, boosted by real eclipses in 2017, 2024 and most recently during last week’s solar eclipse.

She was also known for “Holding Out For a Hero,” from the soundtrack of the film “Footloose.”

Melley reported from London.

People wait behind barriers for the start of the funeral of Bonnie Tyler at St. Mary's Church in Swansea, Wales, Monday, Aug. 17, 2026. (AP Photo/Alastair Grant)

People wait behind barriers for the start of the funeral of Bonnie Tyler at St. Mary's Church in Swansea, Wales, Monday, Aug. 17, 2026. (AP Photo/Alastair Grant)

Flowers are decorated outside St. Mary's Church in Swansea, Wales, Monday, Aug. 17, 2026 for the funeral of Bonnie Tyler after The Total Eclipse Of The Heart musician, whose real name was Gaynor Hopkins, died in hospital in Portugal on July 8 at the age of 75. (AP Photo/Alastair Grant)

Flowers are decorated outside St. Mary's Church in Swansea, Wales, Monday, Aug. 17, 2026 for the funeral of Bonnie Tyler after The Total Eclipse Of The Heart musician, whose real name was Gaynor Hopkins, died in hospital in Portugal on July 8 at the age of 75. (AP Photo/Alastair Grant)

The hearse with the coffin arrives at Swansea Minster for the funeral of Bonnie Tyler in Swansea, Wales, Monday, Aug. 17, 2026. (AP Photo/Alastair Grant)

The hearse with the coffin arrives at Swansea Minster for the funeral of Bonnie Tyler in Swansea, Wales, Monday, Aug. 17, 2026. (AP Photo/Alastair Grant)

An unidentified priest holds a Bonnie Tyler poster outside St. Mary's Church in Swansea, Wales, Monday, Aug. 17, 2026 before the service and funeral of the musician, whose real name was Gaynor Hopkins. (AP Photo/Alastair Grant)

An unidentified priest holds a Bonnie Tyler poster outside St. Mary's Church in Swansea, Wales, Monday, Aug. 17, 2026 before the service and funeral of the musician, whose real name was Gaynor Hopkins. (AP Photo/Alastair Grant)

The coffin is taken from Swansea Minster following the funeral of Bonnie Tyler in Swansea, Wales, Monday, Aug. 17, 2026. (AP Photo/Alastair Grant)

The coffin is taken from Swansea Minster following the funeral of Bonnie Tyler in Swansea, Wales, Monday, Aug. 17, 2026. (AP Photo/Alastair Grant)

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