🗞️ Quick Brief • Aug 21, 2026
What: Latest from ESPN
Where: Sports World
Why it matters: Verified by Global Plus News editorial team
Lakers minority owner not selling his 4% stake
As the fight over what will happen to the Buss family's stake in the Los Angeles Lakers begins in the wake of Mark Walter's shocking sale of his majority...
Key points
- As the fight over what will happen to the Buss family's stake in the Los Angeles Lakers begins in the wake of Mark Walter's shocking sale of his majority ownership of the franchise to Bob Iger and Josh Kushner, one of the team's minority owners, Dr.
- Patrick Soon-Shiong, has no plans to sell his part of the team.
- Five of the siblings voted to sell their remaining portion of the team to Iger and Kusher at the $12.5 billion franchise valuation they paid to Walter.
- Jeanie Buss, the Lakers current acting governor, was the lone holdout and is contesting her siblings' plans to sell.
What happened
More photos
As the fight over what will happen to the Buss family's stake in the Los Angeles Lakers begins in the wake of Mark Walter's shocking sale of his majority ownership of the franchise to Bob Iger and Josh Kushner, one of the team's minority owners, Dr. Patrick Soon-Shiong, has no plans to sell his part of the team. Five of the siblings voted to sell their remaining portion of the team to Iger and Kusher at the $12.5 billion franchise valuation they paid to Walter. Jeanie Buss, the Lakers current acting governor, was the lone holdout and is contesting her siblings' plans to sell. Jeanie, Janie and Joey Buss." Before the sale to Walter, there were four Buss family members still working for the team: Jeanie as governor; Janie as Lakers Youth Foundation administrator; Joey as alternate governor and vice president of research and development; Jesse as Lakers assistant general manager. Iger told the California Post that he intended to honor that agreement with Buss but, he added, "If something changes, then it changes." If the Buss siblings do sell their part of the team, leaving Jeanie with just under 3% ownership, she would need to acquire an additional 12% of the team in order to hold...