Buss Family Sells Remaining Ownership Stake In Lakers | TMZ Sports

Welcome back to TMZ sports. It's the end of an era in Los Angeles the end of a bus era the the bus family no longer owns the Los Angeles Lakers or at least they won't hear in the near future because as part of this big sale that we talked about last week twelve and a half billion dollar sale Lakers to Bob Iger and Josh Kushner. Well Jeannie bus and her family stake has also been sold. They had 17.8 million percent 17.8 percent of the franchise Lucas. No more. They sell it. They make billions of dollars two and a quarter billion dollars and they are out after what is it 50 years of ownership. Yeah I'm not really good with the math but Dr. Jerry bus bought the team as well as like the forum and the Kings and other things like that massive deal back in 1979 for sixty seven and a half million dollars. Now the buses. Yeah. Ever since even after Dr. Bus passed away they remained with the team. Jeannie took over as owner but with this transaction she is now no longer going to be the governor of the Los Angeles Lakers and she was actually going to remain in that position for about four more years after the sale to Mark Walter sale prior to this you know last year when he had it for a couple weeks. But that is no more. And now the reports are coming out that this was not drama free. Really. Apparently like the five other siblings went to Jeannie was like hey we're going to do this and you are not going to be the owner or the or you can sign it if you want. But majority rule because she you need to. She was the governor like we said you need 15 percent. So they basically they forced her. Yeah. She could have kept I guess she could have retained a small amount of ownership but she couldn't have been the governor and a little bit of backstory on that is the other siblings reportedly felt that Jeannie was really trying to jump the gun here with the Mark Walter sale. She essentially went to them as like we have to do this right now. This is like an opportunity that is not going to last forever. And so they felt pressured to go ahead and sign to that deal that obviously backfires and less than a year later they sell to Bob Iger and Jared Kushner. So Josh Kushner I apologize. Kushner is all over the place. Yeah. But this is like turning into a huge if only there were reality TV cameras because this bus family thing it seems like it's blowing up. You know you had some of those brothers who lost their gigs shortly after the Mark Walter sale. Yeah. Jeannie somehow still kept her position. So a lot of people are upset and a lot of people are pointing the finger at Jeannie. Well at the end of the day who is really like getting the short end of the stick. You know they're all rich. We're talking billion dollar purchases. I think I did the math correctly and the difference between when Jenny's dad bought the Jeannie's dad bought the team and now if I did the math correctly because that's a lot of zeros. Yeah. I think it was eleven billion nine hundred thirty three million dollar difference. Oh that's a good investment. Pretty great. So at the end of the day and let's keep it above. What was your what was your number. Eleven billion. Yeah. Nine hundred. No that's not your math's wrong. What's the math. Who's in your ear. I know you know what he's in my ear liar. It's like 12. So for twelve and a half billion. All right. I left off the hat. Yeah. Oh I did. Sixty seven million dollars a lot. OK. So just want to get it right. Plus five hundred million. Wow. That's what we're talking about here. And also let's keep it a buck. If you're a genie bust if you're her brothers you're still going to have access to anything Lakers you want. You're going to be able to go to any Lakers event any Lakers game anything Lakers related you are going to be the first one on the on the speed dial. So. Yeah. No stress. No. Big money. We did the math. We also did some math to one I think. Would we say three hundred million dollars a little bit more like three hundred twenty million dollars or so. Each one of them would get from the sale. Six six plus member family members. I mean that's not too bad. I have no I don't feel bad for nobody involved. I don't care. Sign the paper. Don't sign it. All right. Any family drama that comes from this I think can be healed by a weeping into a hundred dollar bills. I mean at the end of the day the bus family is NBA royalty like the Lakers and the NBA aren't like to an even bigger scale the entire league isn't the way it is for the bus family and for the Showtime Lakers and all those teams early on. So I mean they have nothing to be ashamed of. They have one of the most successful ownership runs of any sports franchise ever. So I mean can't complain. Jay Moore though. Jay Moore is dead. You know what. You were you were being autographed at a New Jersey Nets game at Continental Airlines Arena like 30 something years ago. So I hope you are upset.