The Lakers’ Power Struggle: A Family’s Legacy on the Line

The Los Angeles Lakers are about to undergo a significant change in ownership. The Buss family, who have been synonymous with the team for over four decades, is relinquishing their remaining 17.8% stake in the franchise to new majority owners Josh Kushner and Bob Iger. This development has sparked a mix of emotions among Lakers fans, grappling with the implications of this power transfer.

The Buss family’s decision to sell their stake is not entirely unexpected, given the tumultuous events of recent years. In June 2025, the family sold a majority share to Mark Walter at a then-record valuation of $10 billion. However, it appears that this deal has had far-reaching consequences, with some siblings feeling misled and frustrated by Jeanie Buss’s handling of the situation.

The Lakers are not just a beloved team but also a symbol of Los Angeles’s cultural and sporting identity. The Buss family’s legacy is deeply intertwined with that of the franchise, and their departure will undoubtedly leave a void. As governor since her father Jerry’s passing in 2013, Jeanie Buss has been scrutinized for prioritizing her own interests over those of the team. Her decision to remain as governor despite not meeting the NBA’s minimum ownership requirement of 15% has raised questions about her commitment to the team.

The involvement of Josh Kushner and Bob Iger in this deal raises questions about their intentions for the franchise. As new majority owners, they will hold roughly 83% of the team’s shares, giving them significant control over player personnel decisions, coaching staff, and overall strategy. The fact that Mark Walter sold his stake to Kushner and Iger just a year after acquiring it at a significantly higher valuation raises concerns about his true motivations for investing in the Lakers.

The NBA’s approval process will be crucial in determining the fate of the Lakers. The next board meeting is set for September 15 and 16 in New York, where Josh Kushner’s limited equity in the Miami Heat may become a point of contention. This transaction has the potential to rewrite the franchise’s history, leaving fans wondering what this means for their beloved team.

The Buss family’s departure marks the end of an era, and it remains to be seen whether Kushner and Iger can maintain the level of success and loyalty that has come to define the franchise. The future of the Lakers hangs precariously in the balance, with the outcome of this deal set to have far-reaching consequences for the franchise and its fans.

The role of professional sports ownership in shaping the direction of teams is a complex issue. The involvement of billionaires with complex financial interests often leads to conflicts of interest and priorities that may not align with those of the team or its fans. It’s essential for the NBA and its stakeholders to ensure that these transactions are transparent and fair, prioritizing the long-term success and integrity of the franchise.

Ultimately, the fate of the Lakers will be determined by the decisions made by their new owners. Whether they prioritize short-term gains or invest in the team’s long-term viability remains to be seen. As fans, we can only hope that the next chapter in this storied franchise’s history will bring success and glory to the Lakers, both on and off the court.

The legacy of the Buss family will continue to shape the Lakers’ identity for years to come. Their impact on the team’s history and culture cannot be overstated, and it’s essential that their contributions are recognized and honored in the years ahead.