What happened: Jim, Johnny, Janie, Joey and Jesse Buss addressed the internal friction over the Los Angeles Lakers' remaining 17.8 percent ownership stake on Tuesday. The remarks follow confirmation from an attorney for Jeanie Buss that she will legally challenge the transaction.

Why it matters: The family trust's shares are slated for transfer to an ownership group led by Bob Iger and Josh Kushner after five siblings voted 5-0 in favor of the deal. Jeanie Buss, the lone sibling opposed to the move, is contesting the action to prevent her equity from falling below the required threshold for a controlling governor.

What to watch: The dispute shifts toward a formal legal resolution as the siblings contest the validity of the trust's majority vote.