Jeanie Buss, the controlling owner of the Los Angeles Lakers, has filed a petition in court to prevent her five siblings from selling their 17.8% stake in the team, which would jeopardize her ownership since her father’s death in 2013. She accuses them of “devious behavior” and seeks to hold some siblings in contempt of court for their actions. The dispute intensified following reports of a potential sale to venture capitalist Josh Kushner and former Disney CEO Bob Iger at a $12.5 billion valuation. Jeanie’s petition emphasizes the need for family ownership to remain above 15% for her to retain control, despite the Lakers’ struggles since her father’s passing.
