Jeanie Buss is reportedly taking legal action against her siblings' attempt to sell the family’s 17.8% ownership of the Los Angeles Lakers. Following a family statement announcing their intention to sell to Bob Iger and Josh Kushner, Jeanie Buss’s lawyer sought to halt the transaction on legal grounds.

The crux of the issue revolves around Jeanie Buss’s status as the Lakers’ controlling owner, a position that NBA guidelines stipulate requires ownership of at least 15% of the franchise. Fourteen months prior, she had led the sale of the Lakers to Mark Walter for a record $10 billion. While the Buss family trust, consisting of Jerry Buss’s six children, voted to sell to Walter, the decision faced internal conflict due to perceived haste in the process. Part of the agreement ensured Jeanie Buss would remain governor through 2030, while her siblings were removed from their organizational roles.

Last week, Walter sold the Lakers to Iger and Kushner for a staggering $12.5 billion, pending NBA approval. The Buss family's statement expressed their love for the Lakers and commitment to supporting the team while stating, "it is time to use this opportunity to move on and exit gracefully."

In response, lawyer Adam Streisand emphasized that a 2017 court ruling mandates any sale of the Lakers requires approval from co-trustees, including Jeanie. He asserted that any attempt to bypass this requirement would constitute a breach of trust.

Jeanie Buss has served as governor since 2013, following her father’s passing. Should the sale proceed, Iger and Kushner will control approximately 83% of the Lakers. The NBA board of governors, responsible for approving the sale, will convene on September 15 in New York.