Los Angeles Lakers governor Jeanie Buss revealed her late father Jerry would've approved of selling the franchise's majority stake, emphasizing the need for resources to maintain competitiveness. The Buss family sold nearly 50% to billionaire Mark Walter at a $10 billion valuation, with each sibling receiving approximately $500 million after taxes while retaining just enough ownership to preserve Jeanie's governorship.

Following the October 2025 sale, five of the six Buss siblings were terminated from their team roles, leaving Jeanie as the only family member remaining with the franchise. Despite maintaining about 17% ownership, Jeanie acknowledged family tensions but defended the decision as necessary for the Lakers' future success, citing her father's legacy as motivation.

Buss addressed the team's transition from LeBron James to Luka Doncic, expressing pride in the young All-Star and not ruling out James returning next season despite his expiring contract. With her five-year contract in place, Jeanie emphasized the stability Walter's partnership provides while maintaining her commitment to the Lakers' championship aspirations.