6 hours ago
Jeanie Buss, who was chosen by her late father and longtime Lakers owner, Jerry Buss, as his successor before he died in 2013, called her siblings’ behavior “devious” and said in the court filing that they should be held in contempt while also being “liable for damages.” She also called for the removal of Joey and Janie Buss as co-trustees of a trust that holds the family’s remaining stake in the Lakers (17.8 percent), citing breach of fiduciary duty. NBA rules mandate that team governors own at least 15 percent of the team. Jeanie Buss has petitioned a Los Angeles Superior Court asking that a judge block her five siblings from selling the family’s remaining stake in the Los Angeles Lakers, while accusing them of secretly orchestrating a deal to try to remove her as the team’s governor. The petition, which was processed by the court on Wednesday, is the strongest sign yet that this feud won’t be ending anytime soon. Jeanie Buss argued in the petition that selling doesn’t make financial sense given the team’s “continuously skyrocketing value,” adding that her goal is to carry out her father’s legacy and create value for fans and the Buss family. That stock will only rise under the new ownership group, she argued.
New York Times
Hate to say it, but Dr Buss is probably rolling over in his grave. I'm sure he didn't anticipate his kids fighting over who controls the legacy he left. Sad...
New York Times
Hate to say it, but Dr Buss is probably rolling over in his grave. I'm sure he didn't anticipate his kids fighting over who controls the legacy he left. Sad...