EmailPrintOpen Extended ReactionsJeanie Buss is contending her family's claim they are selling their remaining 17.8% stake in the Los Angeles Lakers to new majority owners Josh Kushner and Bob Iger in a letter obtained from her attorney.In a statement earlier Monday, the Buss family said they were selling their remaining stake in the franchise, which would mean Jeanie Buss would no longer have the needed ownership percentage to remain governor of the team. The NBA guidelines require controlling owners/governors to own at least 15% of a franchise. She has been the governor of the Lakers since 2013, taking over after her father, Jerry Buss, died."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 family said in a statement earlier Monday. "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."However, a letter from Jeanie Buss' attorney, Adam Streisand, contended that no sale of the family trusts shares can be "effectuated without the approval by the co-trustees -- Jeanie, Janie and Joey Buss."Jeanie Buss was the lone sibling not to vote to sell the family's remaining shares in the Lakers in a vote that took place Monday morning.ESPN's Ramona Shelburne and Shams Charania contributed to this report.
