The Buss family, long-time owners of the Los Angeles Lakers, faces a pivotal moment as the siblings voted on a potential $10 billion sale. While a majority approved the sale, the decision was not unanimous, reflecting internal family divisions. The ownership structure established by Dr. Jerry Buss necessitated a majority vote among his six children for any sale, which led to tensions in the family, particularly evident during previous attempts to assert control over leadership roles. The outcome marks a significant transition in Lakers' ownership history.
The recent approval of a $10 billion sale of the Los Angeles Lakers signals the end of the Buss family's primary ownership of the team.
The Buss siblings' divergent views on the sale required a majority vote to finalize the transfer of the Lakers, illustrating family dynamics in ownership decisions.
Dr. Jerry Buss structured the team's ownership so that only his six children could vote on a sale, ensuring a democratic process among family.
The meeting preceding the sale was likely intense, given the siblings' past conflicts, including a failed attempt to remove Jeanie Buss from leadership.
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