Lakers Minority Stake Reportedly Sold to Kushner, Iger, Ending 47 Years of Family Control

The iconic Los Angeles Lakers franchise is poised for a significant ownership shift as the Buss family reportedly plans to sell a minority stake to a group of investors that includes Jared Kushner and Thomas E. Iger. This move would mark the end of nearly five decades of direct family control over one of the NBA's most storied teams.

Jeanie Buss, who has held the position of controlling owner and leader of the Lakers since 2013, will reportedly step down from her role as governor following the transaction. While the Buss family will retain a significant interest, the sale of a minority share signifies a dilution of their long-held authority.

The transaction, if finalized, would see Kushner and Iger, among other investors, acquire a substantial portion of the team, bringing their total ownership to 83%. This change in ownership structure could herald a new era for the Lakers, potentially influencing the team's strategic direction and operational management in the coming years.