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Buss's 66% controlling ownership of the Lakers passed to his six children via a trust, with each child receiving an equal vote (11% for each child). His succession plan had daughter Jeanie assume his previous title as the Lakers' governor as well as its team representative at NBA Board of Governors meetings.
Dec 19, 2023 · The Buss Family Trust got off to a rocky start after inheriting 66% ownership following Jerry’s passing. Jeanie even fired Jim Buss and had legal battles with him and Johnny Buss afterward. The situation has smoothed out since, with big stars like LeBron and Anthony Davis joining the Lakers.
Mar 3, 2017 · When Jerry Buss died in February 2013, the legendary Lakers owner left his six children — each with an equal vote — in charge of a family trust, with a 66% ownership stake in the team.
After her father died in 2013, his controlling ownership of the Lakers passed to his six children via a family trust, with each sibling receiving an equal vote. Buss took over as team president and as the Lakers representative on the NBA Board of Governors.
Mar 4, 2017 · The hearing might also address any potential attempts by the brothers to dissolve the Buss family trust, a move that would jeopardize their sister’s control of the team.
Mar 8, 2017 · Lakers controlling owner Jeanie Buss' sister Janie says her brothers Jim and Johnny are trying to bust the family trust to sell interest in franchise.
Mar 8, 2017 · The trust document reviewed by The Times — one of four virtually identical trusts through which the Buss family owns 66% of the Lakers — is a key part of the simmering dispute between Jeanie Buss...
