Jeanie Buss, Lakers Update Emerges After News on Wednesday

This past summer, the Lakers made headlines when the Buss family agreed to sell majority control of the franchise to Mark Walter, owner of the Los Angeles Dodgers and head of TWG Global. The sale carried a $10 billion valuation, marking the most expensive for a sports franchise in North American sports history.

While the family trust retained a minority stake, speculation swirled that Jeanie Buss might step aside. However, it was confirmed she will remain the Lakers’ primary governor for “at least a number of years,” according to ESPN’s Shams Charania and Ramona Shelbourne.

On Tuesday, the Buss family made the headlines again, this time for a venture separate from the Lakers. Per ESPN’s Dave McMenamin and Shams Charania, Jeanie’s brothers, Joey and Jesse Buss, have announced the launch of Buss Sports Capital, a global firm focused on sports investments, acquisitions, and partnerships.

Despite the big news from the Buss family, ESPN confirmed that both brothers are expected to remain on the Lakers, with Jeanie retaining her role as the franchise’s governor:

“Both brothers will remain with the Lakers after the sale is finalized, with their older sister, Jeanie Buss, continuing to serve as the primary team governor for the foreseeable future.”

The Buss family’s ownership of the Lakers dates back to 1979 when Jerry Buss purchased the team, setting the foundation for a storied franchise that captured multiple championships and global relevance. Today, Jeanie leads a roster that features Luka Doncic and LeBron James, two of the NBA’s biggest stars. She will hope to continue in the footsteps of her father by delivering more championships in a new ownership era while maintaining the Lakers’ status as one of the league’s premier brands.

The Lakers will have another opportunity to compete for an NBA title when the regular season resumes next month, with LA beginning its campaign at home against the Golden State Warriors on Oct. 21.