Shams Charania Defends Lakers Sale Report on 17.8% Stake as Jeanie Buss Weighs Buyout
Updated
Updated · Silver Screen and Roll · Aug 19
Shams Charania Defends Lakers Sale Report on 17.8% Stake as Jeanie Buss Weighs Buyout
3 articles · Updated · Silver Screen and Roll · Aug 19
Summary
Shams Charania pushed back on Jeanie Buss’s lawyer after being accused of falsely reporting that six Buss siblings voted to sell their 17.8% Lakers stake and that Buss was out as controlling owner.
The dispute comes as The Athletic reported Jeanie Buss is open to buying out her siblings’ shares if she can keep at least 15% ownership, a threshold tied to remaining governor.
That effort may matter even more because Buss’s agreement to stay governor for at least five years under Mark Walter is reportedly considered part of the pending ownership arrangement with Bob Iger and Josh Kushner.
Separate reporting by the Financial Times said Walter had sought a multibillion-dollar loan against his Lakers stake through talks with Apollo Global Management before Iger and Kushner moved to buy in.
Taken together, the latest reports show a widening fight over control, governance and financing around the Lakers’ ownership transition.