Buss Family Sells Final Lakers Stake as Jeanie Buss Steps Down

The Buss family has decided to sell its remaining ownership stake in the Los Angeles Lakers. This decision marks the conclusion of a historic era of family ownership for the storied franchise.

As a consequence of the sale, Jeanie Buss will no longer serve as the governor of the team. During the family's stewardship, the franchise captured multiple championships and maintained a dominant global presence.

The transition represents a major structural shift in the executive leadership of the organization. New ownership will assume control of team governance following the completion of the sale process.

Jeanie Buss's departure ends decades of direct family involvement in the franchise's daily operations. The broader basketball community is closely monitoring the transition as the organization enters a new phase.