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As lakers owner jeanie buss told me recently on the 'tampering' podcast, the covert nature of it all was necessary for her to keep her brother and former lakers executive jim buss from wrestling away controlling interest of the franchise. Jeanie buss will be in charge of the los angeles lakers for the foreseeable future despite the family selling the franchise to businessman mark walter for $10 billion Following the sale of the los angeles lakers, it was revealed that jeanie buss will remain team governor for at least five years.

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Yet, it remains somewhat confounding that los angeles and its longtime owner, jeanie buss, would let go of the franchise. We now have a timeline for that changeover. Despite selling a majority stake to businessman mark walter for $10 billion, owner jeanie buss will remain as the lakers' governor for the next five seasons.

Espn's shams charania reported this shocking news on wednesday afternoon, just seven days before the 2025 nba draft

The late jerry buss family purchased the lakers in 1979 for $67.5 million and. Although the buss family has officially relinquished its majority control, jeanie buss will remain governor for at least five years, retaining a minimum 15% stake in the franchise “i also want to thank and congratulate jeanie buss and the buss family for 46 years of transformational leadership and service,” silver added. New los angeles lakers owner mark walter has a plan in place for when the franchise will move on from jeanie buss's control