Lakers governor Jeanie Buss watches at the unveiling of a statue for former Lakers coach Pat Riley at the Crypto.com Arena in Los Angeles on Feb. 22, 2026.

The Buss family is selling its remaining ownership stake in the Los Angeles Lakers to Bob Iger and Josh Kushner for a valuation of $12.5 billion. This move, supported by Mark Walter, means Jeanie Buss will no longer serve as governor. However, Jeanie Buss is contesting the sale, arguing the vote is void without her approval. Her lawyer is challenging her siblings' attempts to sell the minority shares held within the Buss family trust.