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.
Aug 31, 2015, 3:27 PM EDT
Cleveland can watch Pointer develop without having to pay him
Aug 31, 2015, 2:26 PM EDT
Mike Clarkson says son committed to Lakers
Aug 31, 2015, 1:33 PM EDT
Don’t expect him to make the regular-season roster this season
Aug 31, 2015, 12:43 PM EDT
Could Lakers wing play in the 2016 Olympics?
Report: Tristan Thompson won’t accept less than max from Cavaliers, his agent thinks Raptors will offer it next summer
Aug 31, 2015, 11:43 AM EDT
Thompson might leverage the max from Cleveland, but it probably shouldn’t be because of this Toronto threat
Aug 31, 2015, 10:26 AM EDT
By dropping an NBA draft pick, Canadians show how far they’ve come
Aug 31, 2015, 9:30 AM EDT
Utah now has 20 players
Aug 31, 2015, 8:30 AM EDT
This would have been fun to attend.
Aug 31, 2015, 8:00 AM EDT
He’s a long shot to make a roster.
Aug 30, 2015, 10:16 PM EDT
Al-Farouq Aminu is headed back to the Olympics.
Aug 30, 2015, 9:39 PM EDT
There is no signed deal yet.
Aug 30, 2015, 9:02 PM EDT
Shaq said Phil Jackson was fair with them.
Aug 30, 2015, 6:30 PM EDT
We’ll all look back at the McCallum trade and say “it’s the Spurs doing Spurs things again.”
Aug 30, 2015, 5:00 PM EDT
He will be missed.
Aug 30, 2015, 3:30 PM EDT
Can Johnson take on the backup point guard role if Chalmers was moved?
Aug 30, 2015, 2:00 PM EDT
“You’re talking about being a fiscally responsible person, I am. That’s precisely why I did this.” —Scott Walker
Aug 30, 2015, 12:31 PM EDT
Aug 30, 2015, 11:00 AM EDT
First Cam Newton, now Usain Bolt.
Aug 30, 2015, 9:30 AM EDT
He may start at the four for Charlotte this year.
Aug 30, 2015, 8:00 AM EDT
Cherry played for the Spurs’ Summer League team.
- Shaq to Kobe on podcast: “I just want people to know that I don’t hate you” 17
- D’Angelo Russell on Tracy McGrady tweet: “Some Lakers fans are spoiled” 25
- Anthony Davis “definitely” plans on shooting more threes this season 4
- Jim Buss defends Byron Scott as Lakers coach, “He has the Laker blood in him” 24
- Jim Buss open to the idea of Kobe Bryant playing beyond this season 32
- Derrick Rose on sexual assault suit: “I am confident I will be proven innocent” 4
- Report: Kyrie Irving likely not back opening night, could be out until January 14
- Legendary Sixer, backboard-shattering dunker Darryl Dawkins dies at 58 14