Swiss Journal of Research in Business and Social Sciences

Celebrity Gossip

Jeanie Buss’ Feud with Siblings Amid Lakers’ $12.5 Billion Sale


Joshua Kushner and Bob Iger Acquire Los Angeles Lakers in Record-Breaking $12 Billion Deal

Jerry Buss‘ six children have seemingly struggled to reach consensus since their father’s passing in 2013, ultimately leading to the sale of their family’s majority stake in the Los Angeles Lakers last summer.

Following the completion of the $10 billion transaction, the siblings retained a collective 17.8 percent of the renowned NBA franchise, exceeding the 15 percent threshold necessary for controlling owner Jeanie Buss to maintain her role as team governor until at least 2030.

Months later, her sister Janie Buss, 62, along with brothers Joey Buss, 41, and Jesse Buss, 38, were dismissed from their front office positions. (Johnny Buss, 69, pursued other ventures after Jerry’s death, while Jim Buss, 66, was removed in 2017.)

“I don’t believe my dad would be pleased with how things unfolded,” Janie expressed to ESPN in January. “Not at all.”

Conversely, Jeanie asserted that Jerry—the mastermind behind the championship-winning “Showtime” Lakers—would have supported selling to Guggenheim Partners CEO (and L.A. Dodgers owner) Mark Walter.

“My siblings participated in the decision that was made,” the 64-year-old stated to CNBC in February. “It’s about the Lakers and their legacy and what the fans expect; resources and direction are essential. It’s fair to say that my family—we all have our differing views and [are] are living our lives, choosing how we want to spend our time, and this was the best decision for all six of us.”

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However, it seems Jeanie’s perspective may not prevail this time.

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Sarah Parker
Sarah Parker is a research analyst and content contributor with a strong interest in business strategy, organizational behavior, and social development. With a background in sociology and public policy, she focuses on exploring the intersection between research and real-world application. Sarah regularly contributes articles that bridge academic insights and practical relevance, aiming to foster critical thinking and innovation across sectors.