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End of an Era: Buss Family Sells Final Lakers Stake
17 Aug
Summary
- Buss family sold their remaining 17.8% stake in the Lakers.
- Bob Iger and Josh Kushner are the new minority owners.
- Jeanie Buss is no longer the Lakers governor due to sale.
The Buss family has concluded its decades-long association with the Los Angeles Lakers by selling its remaining 17.8% stake. The buyers are reportedly an investment group led by Bob Iger and Josh Kushner.
This significant ownership change signifies the end of an era for the Buss family, who have been involved with the franchise since 1979. With this sale, Jeanie Buss will step down as governor of the Lakers, as the position requires a minimum 15% ownership.
The Buss family stated their continued love for the Lakers and Los Angeles but felt it was the opportune moment to transition. They had previously sold a majority stake in the team in 2025 to Mark Walter, and this latest transaction finalizes their exit from ownership.
The valuation of the Buss family's final stake is estimated at $2.225 billion, based on the team's recent $10 billion sale. Dr. Jerry Buss originally purchased the Lakers in May 1979 for $67.5 million.
