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.
Jul 30, 2014, 1:30 AM EDT
Cavaliers guard says initial response stemmed from his straightforward approach, confidence
Jul 30, 2014, 12:30 AM EDT
Collective Bargaining Agreement limits offseason charity games to United States and Canada
Jul 29, 2014, 11:33 PM EDT
Union voted in Michele Roberts instead
Jul 29, 2014, 10:33 PM EDT
Popovich signed contract extension with Spurs this offseason
Jul 29, 2014, 9:44 PM EDT
“That 2010 team was one of the best experiences I’ve ever had. I think we have a team that’s even better.” —Kevin Durant
Jul 29, 2014, 8:50 PM EDT
Orlando reportedly plans to send former Pistons point guard to D-League
Kevin Durant knows you’re talking about his free agency but isn’t giving many clues. He liked what LeBron did.
Jul 29, 2014, 7:51 PM EDT
“I just tell everybody that I’m here in Oklahoma City, I love it here. Who knows what will happen.” —Kevin Durant on his 2016 free agency.
Jul 29, 2014, 7:11 PM EDT
Bledsoe reportedly resents how differently Pistons, Jazz and Rockets treated their restricted free agents
Jul 29, 2014, 6:22 PM EDT
CSKA-Moscow wants to poach Scott from Atlanta Hawks
Jul 29, 2014, 5:37 PM EDT
Johnson gets NBA contract after eventful summer league
Jul 29, 2014, 4:55 PM EDT
I’m not sure Love is taking advice from Minnesota right now
Jul 29, 2014, 4:11 PM EDT
Lakers introduce Scott as new coach in press conference
Jul 29, 2014, 3:24 PM EDT
Rose said he was disappointed but he understands ‘Melo’s decision.
Jul 29, 2014, 2:22 PM EDT
Want to see LeBron strip down to his underwear?
Jul 29, 2014, 1:44 PM EDT
Lakers guard confirms he’s planning on retirement
Jul 29, 2014, 1:11 PM EDT
Donald Sterling isn’t going away, but he’s pretty much done as the Clippers owner now.
Jul 29, 2014, 12:28 PM EDT
Yes, you read that headline correctly
Jul 29, 2014, 12:22 PM EDT
The question with Cousins is never talent, but his maturity seems to be there.
Jul 29, 2014, 11:44 AM EDT
Jason Kidd or Byron Scott could hire former Seattle SuperSonic
Jul 29, 2014, 11:11 AM EDT
Irving wouldn’t get full 30 percent of adjusted salary cap by triggering Derrick Rose rule
- Durant says 2014 USA team better than 2010 version that won gold 4
- Kevin Durant knows you’re talking about his free agency but isn’t giving many clues. He liked what LeBron did. 16
- Byron Scott makes ridiculous optimism sound reasonable 40
- Derrick Rose told Carmelo Anthony that if he came to Chicago “the game would be easy” 40
- LeBron James strips on stage, throws clothes into crowd (video) 23
- Is DeMarcus Cousins the big man Team USA can lean on? 19
- Lakers make it official — finally — and hire Byron Scott as head coach 13
- Derrick Rose: “I’ve become a smarter player, but I’m mad it took me seven years to learn it.” 29