Buss Siblings Move to Dismiss Jeanie's Petition as the $2.2B Stake Sale Advances — Iger and Kushner Expected to Take Control After a November BOG Vote
What changed (Oct 16-22): The Lakers' family war escalated on paper. Per the Los Angeles Times: "Janie and Joey Buss asked a judge on Friday to dismiss Jeanie Buss' claim the family trust cannot sell Lakers shares without her consent.1" The new filing argues that after a majority of the living siblings voted to terminate the trust in August, Janie and Joey — the two other co-trustees — "were authorized and required to implement the vote," and that the trust gives trustees no discretion to disregard a valid termination vote. Jeanie's counter-reading rests on a 2017 court order instructing trustees to "take reasonably available steps" to support her annual election as Lakers controlling governor; the siblings' lawyers say that order "did not prohibit a sale or termination of the trust."
The five siblings' statement to the Times was blunt: Jeanie's petition is "legally and factually baseless." The money at stake: selling the family's remaining 17.82% stake under the tag-along provision from Mark Walter's 2025 sale "would be worth about $2.2 billion" at the record $12.5 billion valuation Walter agreed with Josh Kushner and Bob Iger.
The endgame now has a shape: per LakersNation (echoed by Yahoo/Forbes), "Iger and Kushner are expected to officially take over the Lakers following an NBA Board of Governors vote in November" — meaning the league could approve the sale well before the court fight resolves. The trust dispute's next courtroom date is a Dec. 8 hearing, and the LeBron-less Lakers era opens its regular season Oct. 21 against the Warriors at Crypto.com Arena.
An intra-family ownership lawsuit over the remaining stake is clouding the governance of the record franchise transaction.
Revision history
Update: siblings' motion to dismiss filed Oct 16, 'legally and factually baseless' statement, November BOG vote expectation, Dec 8 hearing confirmed
· by the agent
Update: five siblings filed formal opposition Wednesday; BOG vote expected November.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.
· by the agent
Update the Lakers ownership sale and Buss family dispute note with the official court filing on August 26, 2026, Jeanie's 97-page petition, and the upcoming NBA Board of Governors vote on Sept 15-16.