Jeanie Buss seizes control of Los Angeles Lakers

By The Sports Xchange   |   March 28, 2017 at 1:47 AM
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The Buss family's fight for control of the Los Angeles Lakers is officially over after the two brothers of Jeanie Buss agreed in court that she will serve as controlling owner and on the team's board of directors as long as the family owns the franchise.

Jeanie Buss and brothers Jim and Johnny on Monday morning asked a Los Angeles County Superior Court judge to issue an order to that effect, according to the Los Angeles Times.

"The message is clear here: Do not underestimate Jeanie Buss," her attorney, Adam Streisand, told the newspaper. "There is not going to be a palace coup. Not now. Not ever."

Jim Buss previously attempted a takeover attempt over his sister, costing him a spot as a co-trustee for the four trusts through which the Buss family own 66 percent of the team.

According to the Times, Jim Buss resigned as co-trustee Thursday as part of a requirement by Jeanie Buss to resolve the dispute. Her younger sister, Janie, replaced Jim Buss, joining Jeanie and Johnny Buss as co-trustees.

The three-paragraph stipulation requires the brothers to "take all actions reasonably available to them, including voting the Trust's shares" to ensure Jeanie Buss is elected each year as controlling owner and a director, the newspaper reported. Janie Buss signed a separate document agreeing to be bound by the stipulation.

"Now with the Lakers having the ability to focus on the basketball court and not on the legal court, I think all Laker fans can breathe a sigh of relief," Streisand said.

The sibling feud erupted last month when the brothers called an annual shareholders meeting, three days after Jeanie Buss overhauled the front office when she hired Magic Johnson as president of basketball operations and removed Jim Buss as executive vice president of basketball operations. In addition, Jeanie Buss fired general manager Mitch Kupchak, who was later replaced by Rob Pelinka.

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