The Buss family has agreed to sell their remaining 17.8% stake in the Los Angeles Lakers to new majority owners Josh Kushner and Bob Iger, ending Jeanie Buss’s tenure as team governor since 2013. The sale is part of a larger transaction valuing the Lakers at $12.5 billion, requiring NBA board approval. The Buss siblings voted in favor of the sale despite some frustrations, marking a significant change for the family, who have owned the franchise since 1979.
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Buss Family Sells Lakers Stake to Kushner and Iger
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