Conflictual twist hits Jeanie Buss, siblings court hearing over Lakers sale

The initial court hearing as part of Lakers Governor Jeanie Buss’ petition to stop her siblings from selling the family’s ownership shares of the Lakers has been rescheduled. Jeanie Buss’ attorney, Adam Streisand, filed a continuation (postponement) in her petition in Los Angeles Superior Court after the hearing was initially scheduled for Nov.5.The continuation request was granted, with the hearing being rescheduled for Dec.

8. Streisand, Buss’ lead counsel, requested the continuation because he’s scheduled to be in Europe for two speaking engagements and isn’t returning to Los Angeles until Nov 18.Buss originally filed a petition in Los Angeles Superior Court last week looking to block her siblings’ attempted sale of their minority ownership stake of the franchise. Five of the Buss siblings who are part of the Buss family trust — Jim, Johnny, Janie, Joey and Jesse Buss — voted to sell the rest of the family’s 17.8% ownership stake of the Lakers to soon-to-be majority owners Josh Kushner and Bob Iger.Kushner and Iger agreed to purchase the majority shares of the Lakers from Mark Walter for a valuation of $12.5 billion, less than a year after Walter bought the Lakers from the Buss family at a valuation of $10 billion. Jeanie Buss called her siblings’ behavior “devious” in the 97-page petition, which was obtained by the California Post.The petition stated Jeanie was “blinded” by the attempted sale and that the family’s statement provided to ESPN was “knowingly false: Jeanie never agreed to any sale, was never consulted, and was never even informed.”“Jeanie thought she had put all of her siblings’ scheming and manipulations behind her in 2017,” the petition stated.

“Sadly, that was not the case — and Jeanie must respectfully request relief from this Court a second time.”The petition includes five orders:Jeanie Buss, the third-oldest child of the late Dr.Jerry Buss, first made it clear she opposed her siblings’ v...