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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...
- nathan.fenno@latimes.com
- Staff Writer
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. Taking...
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 19, 2017 · Despite the hagiographic coverage his estate plan received in the immediate aftermath of his death (one blog called it “ visionary ”), recent events reveal that Jerry Buss made several classic family business succession errors: failing to prioritize either business success or family control, thereby jeopardizing both; failing to see his ...
- Diane Klein
Mar 27, 2017 · The ill-fated takeover attempt cost Jim Buss his spot as a co-trustee for the four trusts through which the Buss family own 66% of the team. According to a person familiar with the situation,...
- nathan.fenno@latimes.com
- Staff Writer
In 1990, Buss reached a settlement out of court in a palimony suit filed by Puppi Buss, who said that she had an on-and-off relationship with Buss for 15 years, and also alleged that he fathered her son; details of the settlement were not revealed.
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Mar 7, 2017 · The Buss Family Trust owns 66% of the Los Angeles Lakers. Since the death of Jerry Buss the Lakers have been run by Jeanie Buss, Jerry’s daughter, pursuant to the Trust. However, Jim Buss, Jerry’s son, has acted as the head of basketball operations since Jerry’s death.
