Jan 25, 2013, 4:18 PM EDT
The Buss family was once described to me as a Shakespearian drama — the strong patriarch and beloved king holds the family and kingdom together, but someday the fight for power among his children will potentially destroy everything their father built.
Right now, Jerry Buss still owns the Lakers. His son Jim runs the basketball side of the operation, his daughter Jeannie the business side. Four other children are involved at various levels and will someday be part owners. Jerry Buss, 79, has been hospitalized a couple times in recent years and has not been to a Lakers game in more than a year.
The Lakers have more than enough on-the-court issues to keep fans distracted this season, but another and potentially larger issue is brewing behind the scenes, reports Kevin Ding of Orange County Register.
Well … Jeanie and Jim aren’t speaking to each other.
They haven’t since Mike Brown was fired as Lakers coach in early November and the Lakers went through that unseemly, confusing, hurtful dance with Phil Jackson – the love of Jeanie’s life and now her fiancé – before hiring Mike D’Antoni.
And before you say “Jeanie should buy out Jim, bring back Phil and all will be right with the world” know that it’s not going to work that way.
Details are scarce as to how Buss’ trust is set up, but it is believed that amid all the complicated rules and regulations, the children agreed previously to heed their father’s wishes and structure the trust to keep that majority ownership in the family. The six children (Johnny, Jim, Jeanie, Janie, Joey and Jesse) are believed to be locked in together by the trust – so that they stay together or they sell together.
The potential scenarios are nearly endless. There are groups reportedly buzzing about ready should the Buss family want to sell, although I had been told years ago that AEG (owners of Staples Center and a percentage of the Lakers) had first right of refusal. Of course, AEG is up for sale and parts may be broken off, making the situation all the more complex.
It could end up with absentee owners — the proverbial prince/princess banished from the kingdom — but it could go a lot of ways. Just something else for Lakers fans to worry about, as if there aren’t enough other issues this season.
Sep 17, 2014, 1:00 PM EDT
No. Just… no.
Sep 17, 2014, 12:25 PM EDT
Cousins has won over Team USA’s brain trust.
Sep 17, 2014, 11:44 AM EDT
There’s a lot of room for improvement, let’s just say.
Sep 17, 2014, 11:05 AM EDT
Kyrie is going to have to adjust to a different role on the Cavs, but if he does watch out.
Sep 17, 2014, 10:00 AM EDT
Rajon Rondo looms over everything – on and off the court
Sep 17, 2014, 9:31 AM EDT
This is long overdue.
Sep 17, 2014, 9:01 AM EDT
He may not start but he will get plenty of run this season.
Sep 17, 2014, 8:30 AM EDT
Dominique Wilkins is one, but you know the hedge fund guys are in, too.
Dwight Howard’s drivers’ license in Florida suspended, he racked up 10 red light violations in Orlando
Sep 17, 2014, 8:00 AM EDT
He has 10 citations for running red lights. Impressive, I don’t care how many sports cars you own.
Sep 17, 2014, 12:14 AM EDT
Well, it’s better than his golf swing.
Sep 16, 2014, 10:45 PM EDT
There haven’t been many better.
Sep 16, 2014, 8:33 PM EDT
Germany qualifying for the Olympics, even with Nowitzki, is an uphill battle.
Sep 16, 2014, 7:23 PM EDT
It seems fitting.
Sep 16, 2014, 5:59 PM EDT
Guaranteed Duncan likes this better than another trip to the All-Star Game.
Sep 16, 2014, 5:20 PM EDT
Half his salary the first year is guaranteed, a sign he is expected to make the final roster.
Sep 16, 2014, 4:40 PM EDT
We’re sorry to do this to you.
Sep 16, 2014, 4:19 PM EDT
The guaranteed deal is huge but the Wolves are deep at the three. He’ll struggle to get minutes.
Sep 16, 2014, 3:17 PM EDT
Orlando also announces signing of Peyton Siva
Sep 16, 2014, 2:33 PM EDT
Stojakovic’s 3-point bombing made Sacramento better for quite some time
- LeBron James on Kyrie Irving: “I believe Kyrie can be the best point guard in the league.” 5
- ProBasketballTalk 2014-15 Preview: Boston Celtics 1
- Dwight Howard’s drivers’ license in Florida suspended, he racked up 10 red light violations in Orlando 8
- Tim Duncan to appear in “The Punisher” comic book 6
- ProBasketballTalk 2014-15 Preview: New York Knicks 10
- Klay Thompson’s agent: Thompson better two-way shooting guard than Kobe Bryant 50
- Report: Greg Oden’s drinking an issue during season, alleged domestic assault 30
- Kevin Durant calls Allen Iverson “pound for pound” best ever 29