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 5, 2015, 8:30 AM EDT
File this under “what did you expect him to say?”
Aug 5, 2015, 8:00 AM EDT
Space Jam 2, anyone?
Aug 5, 2015, 1:24 AM EDT
At least it’s Tupac, it could have been worse.
Aug 4, 2015, 11:59 PM EDT
Nike’s KD8 Suit goes on sale August 14.
Aug 4, 2015, 11:00 PM EDT
Aldridge has too many pairs to fill his closet as it is.
Aug 4, 2015, 9:56 PM EDT
Exum suffered the injury in an exhibition game in Slovenia.
Aug 4, 2015, 9:00 PM EDT
Bradley Beal also headed to Las Vegas
Aug 4, 2015, 8:01 PM EDT
That would derail a lot of the Jazz’s positive momentum
Aug 4, 2015, 7:02 PM EDT
Aug 4, 2015, 6:02 PM EDT
Everything good now between the Kings franchise player and coach?
Aug 4, 2015, 5:13 PM EDT
This is the real deal
Aug 4, 2015, 4:18 PM EDT
Exum was playing for Australia against Slovenia
Aug 4, 2015, 3:33 PM EDT
Will former Iowa State star make Orlando’s team?
Aug 4, 2015, 2:44 PM EDT
If you don’t get it, ask someone younger
Aug 4, 2015, 1:45 PM EDT
Kobe doesn’t know how he’ll feel next summer. You can’t blame him for that.
Aug 4, 2015, 1:10 PM EDT
No. No they will not.
Aug 4, 2015, 12:30 PM EDT
The Serbian national team is expected to protest it.
Aug 4, 2015, 11:57 AM EDT
He will battle Kyle O’Quinn to backup Robin Lopez.
Aug 4, 2015, 10:45 AM EDT
Lawson and Brewer put up impressive offensive numbers together in Denver.
Aug 4, 2015, 10:05 AM EDT
I’m no fashion critic, but they’re not bad.
- Report: Dante Exum diagnosed with torn ACL 10
- Kobe Bryant, can this Laker team make the playoffs? “Of course it can. Absolutely.” 23
- Report: Knicks reach deal with backup center Kevin Seraphin 7
- Raptors officially unveil new uniforms, yes there is a Drake-inspired one 25
- Ray Allen: “I won’t officially retire” 12
- Report: Adidas makes $200 million offer to James Harden 23
- Jahlil Okafor: “Rookie of the Year is one of the goals I set for myself” 16
- Report: Derrick Rose undecided about attending Team USA minicamp 9