The Buss family’s legendary 48-year reign over the Lakers ends as they sell their final stake, marking a historic transition for the franchise. Dr. Jerry Buss, who bought the team in 1979 and led them to 11 titles (17 total), passed away in 2013 — his daughter Jeanie took over as governor and guided the team through change. Though she had an agreement to stay on, her ownership now falls below the NBA’s 15% threshold, leaving her title in jeopardy and the front office’s future uncertain under new owners. The Lakers enter a bold new chapter — with big decisions still ahead.
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