Buss Family Sells Lakers Stake to Bob Iger and Josh Kushner
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Insights by Echo AI
The Buss family has sold its remaining 17.8% ownership stake in the Los Angeles Lakers to new majority owners Josh Kushner and Bob Iger. The sale, valued at $12.5 billion, ends the Buss family's 47-year ownership of the franchise. Jeanie Buss, who led the team since 2013, will no longer be governor after the sale. The family needed four out of six votes to approve the sale, with Jeanie Buss being the lone sibling who did not vote in favor.
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Breaking: The Buss family has decided to sell its remaining 17.8% owne...
The Buss family is selling its remaining 17.8% Lakers stake to Josh Ku...
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