Buss family sells remaining stake in Lakers to Bob Iger and Josh Kushner

Benjamin Royer, The Orange County Register on Aug 17, 2026

By clicking submit, I authorize Arcamax and its affiliates to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Privacy Policy , (2) add to information that I provide with other information like interests inferred from web page views, or data lawfully obtained from data brokers, such as past purchase or location data, or publicly available data, (3) contact me or enable others to contact me by email or other means with offers for different types of goods and services, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here

LOS ANGELES — The Buss family has agreed to sell its remaining ownership stake in the Los Angeles Lakers, approximately 18%, to Bob Iger and Joshua Kushner, who reached an agreement to buy the franchise at a $12.5 billion valuation last week, according to multiple reports Monday afternoon.

“We have decided as a family to sell the remaining Buss Family Trust shares to the Bob Iger group as part of the ongoing transaction,” the Buss family wrote in a statement to ESPN, which first reported the news. “We love the Lakers, Laker fans and will continue to support Los Angeles; but it is time to use this opportunity to move on and exit gracefully while we still can.”

On Wednesday, Mark Walter sold his majority stake in the Lakers to Iger, the former Disney CEO and Kushner, a venture capitalist firm founder, sources confirmed to the Southern California New Group. Iger and Kushner were previously interested in NBA expansion efforts before the opportunity to purchase the Lakers quickly developed.

The Buss family owned the Lakers for 46 years and sold their majority stake to Walter in June 2025. The Buss family trust consists of each of the siblings: Lakers governor Jeanie Buss, Jim Buss, Johnny Buss, Janie Buss, Joey Buss and Jesse Buss.

Jeanie, who currently serves as the governor, will no longer be governor of the Lakers since her role requires holding at least a 15% stake in the franchise.

____