Ramona Shelburne: Also:
Am told by multiple sources that Lakers governor Jeanie Buss did not vote to sell. The other five siblings did. — 8/17/2026
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Ramona Shelburne: Adding to this important piece of information from @mcten
This vote to sell family shares has been open since Tuesday. There was a previous vote several months ago, as well from what I understand. — 8/17/2026
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Darius Soriano:
17.8% of $12.5 billion is about $2.25 billion. that’s more than steve ballmer paid for *all* the clippers. — 8/17/2026
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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 @ramonashelburne — 8/17/2026
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Dave McMenamin:
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. — 8/17/2026
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Arash Markazi:
Jim, Johnny, Joey and Jesse Buss had the chance to cash in on the record sale of the Lakers and effectively fire Jeanie Buss as governor and did just that. Jeanie has fired or sued all of her brothers since taking control of the team. It’s the final act of a wild reality show. — 8/17/2026
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Yaron Weitzman: Follow-up reporting:
The tag-along clause was executed after the other five siblings sent Jeanie signatures stating that they wanted the family to sell its shares, according to a source. — 8/17/2026
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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. — 8/17/2026
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Shams Charania: Once the transaction is completed,
Jeanie Buss will no longer have the required ownership percentage to remain governor. NBA guidelines require controlling owners/governors to own at least 15% of a franchise. — 8/17/2026
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Shams Charania: Statement from the Buss family to ESPN:
"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. 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." — 8/17/2026
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