Buss Family to Sell Remaining Stake in Los Angeles Lakers to Bob Iger and Josh Kushner at $12.5 Billion USD Valuation

SummaryThe Buss family has agreed to sell its remaining 17.8% stake in the Los Angeles Lakers to Josh Kushner and Bob IgerJeanie Buss will step down as team governor as the transaction reduces her ownership below the NBA required 15% thresholdThe transaction completes a takeover valuing the franchise at $12.5 billion USD and bringing Kushner and Iger to an 83% stakeThe Los Angeles Lakers are entering a new ownership era as the Buss family has agreed to sell its remaining 17.8% stake in the franc...