This is HUGE news breaking tonight from Shams Charania: Jeanie Buss is about to lose her status as the Lakers’ governor! Once this transaction is completed, she just won’t have the required ownership percentage anymore.
The 15% Rule Hits Hard
This isn’t some minor behind-the-scenes shuffle either. We’re talking about NBA guidelines, which are super strict on this stuff. Controlling owners, or governors, gotta own at least 15% of a franchise. And it sounds like when all the paperwork is done, Jeanie Buss is gonna be below that critical threshold. That’s a foundational shake-up for one of the biggest teams in the league!
A Family Sale Changes Everything
So what’s the actual trigger here? It’s all tied to the Buss family reportedly selling their remaining stake in the Lakers. This isn’t just a minor stock adjustment; it’s a full-on shift in family ownership that directly impacts who runs the show. HoopsHype broke the story, and man, this is a seismic event for the Lakers organization.
This is way more than just a business deal; it’s a massive leadership change for the purple and gold. The future of the Lakers’ front office is gonna be fascinating to watch now, especially with the governor’s seat seeing this kind of unexpected turnover.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by Yahoo Sports.
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