March 27, 2017
The Laker ownership controversy has ended peacefully. Jeanie Buss has removed her brother Jim Buss as a trustee and replaced him with her younger sister Janie Buss, according to documents entered into Los Angeles Superior Court on Monday morning.
The three siblings have agreed for Jeanie to serve as controlling owner and on the team’s board of directors as long as the family owns the Lakers. Johnny Buss will remain on the board of directors.
“It’s great that we were able to work this out so fast. We’ve resolved everything clearly and cleanly and now we can get back to work,” Jeanie Buss told ESPN.
According to sources close to the situation, neither brother was given any additional financial settlement beyond what’d they’d be entitled to through yearly salaries and disbursements from the trust.
“Jeanie is captain of the ship,” Janie Buss told ESPN. “My sister is the one who finally played her aces. I’m just behind her. I’ve always been behind her. Now she can focus on where the Lakers need to go.
The agreement means the probate court trial scheduled for May 15 to resolve the matter won’t happen.
Janie is excited for what’s ahead. “This is a new beginning for us as a team. Now we don’t need to worry about this family stuff. We can focus on the Lakers now.”