The Buss family is officially offloading their last 17.8% stake in the Lakers to Josh Kushner and Bob Iger for $12.5 billion — a move marking the end of nearly 50 years of ownership. With this sale, the family trust falls below the 15% threshold needed for Jeanie Buss to remain governor, opening the door for either Iger or Kushner to take over. All but Jeanie exercised a clause to sell, netting the family $2.25 billion. As Walter exits too, Kushner and Iger now hold control — ushering in a bold new era for the Lakers, with future moves like franchise integration or expansion still uncertain.

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