Buss Family Selling Lakers Stake – End of an Era

The Buss family has decided to sell its remaining 17.8% ownership stake in the Los Angeles Lakers to a group led by Josh Kushner and Bob Iger at a $12.5B valuation. Jeanie Buss was the lone family member opposed and will likely lose her role as governor. Shams Charania broke the news. This is a seismic shift for the NBA's most storied franchise.