The Buss family no longer owns the Los Angeles Lakers, full stop. Less than a week after Bob Iger and Josh Kushner snagged Mark Walter’s stake in the franchise, the Buss family opted to sell their remaining nearly 18% of the Lakers to the pair as well. Shams Charania of ESPN broke the news on August 17, 2026, confirming the complete ownership change.
The Deal Went Down Fast, And It Was The Last Bit
This isn’t some small shake-up. We’re talking about a 17.8% ownership stake, the *last* bit the Buss family held, going to Iger and Kushner. It means the family trust, which includes siblings Jeanie, Jim, Johnny, Janie, Joey, and Jesse, has officially moved on. Think about that: the entire family’s stake is now gone. This all happened quick, especially after Iger and Kushner had just bought out Mark Walter’s share so recently.
A Legacy Moment for Los Angeles
It’s hard to picture the Lakers without the Buss family in the picture, right? Just back in February 2026, Jeanie Buss was out there in Star Plaza for the statue unveiling of Pat Riley. That’s a legend who brought home four championships for the Lakers as head coach. That event just a few months ago, and now the entire family’s ownership is gone. It really marks a wild moment for the franchise.
What this completely new ownership group means for the Lakers moving forward is the question on everyone’s mind. The Buss family’s chapter in Los Angeles is officially closed.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by Silver Screen and Roll.
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