Buss family decides to sell remaining ownership stake in Lakers to Josh Kushner, Bob Iger; Jeanie Buss out as Lakers governor

[ASFN Admin]

Shams Charania: Breaking: The Buss family has decided to sell its remaining 17.8% ownership stake in the Los Angeles Lakers to new majority owners Josh Kushner and Bob Iger, sources tell ESPN. The Buss family trust -- composed of siblings Jeanie, Jim, Johnny, Janie, Joey and Jesse -- received majority votes to allow trustees to execute the sale. It required four of six votes to enact the tag-along provision of Mark Walter's sale to Kushner and Iger, which valued the Lakers at $12.5 billion.

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This article originally appeared on Hoops Hype: Buss family decides to sell remaining ownership stake in Lakers to Josh Kushner, Bob Iger; Jeanie Buss out as Lakers governor

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