Jeanie Buss is contesting her siblings' vote to sell the family's remaining 17.8% stake in the Lakers to Josh Kushner and Bob Iger at a $12.5 billion valuation, per a letter from her lawyer Adam Streisand obtained by ESPN.

The siblings invoked a tag-along provision from the June 2025 sale to Mark Walter. But Streisand cites a 2017 court ruling requiring co-trustee approval (Jeanie, Janie, Joey) for any sale. If the sale proceeds, Jeanie could lose the 15% minimum ownership needed to remain governor, despite a 2030 agreement with Walter. Iger said he'd honor it but added "If something changes, then it changes."

The vote opened last Tuesday after an emergency meeting about dissolving the family trust. Two more siblings joined the three who previously voted to sell; Jeanie abstained. Streisand demands the siblings publicly affirm Jeanie as controlling owner and take no action on the vote.

The Buss family has owned the Lakers since 1979, winning 11 championships. This marks the second sale in over a year amid a federal investigation into Walter for alleged tax fraud.