What happened: Walter's $10 billion purchase guaranteed Buss at least five years as governor after the transaction closed in October 2025. The new agreement report/article/lakers-reportedly-being-sold-to-josh-kushner-bob-iger-for-mo-2026-08-12">Los Angeles Lakers</a>, while the Buss family retains its minority stake.
Why it matters: Keeping Buss preserves leadership continuity through another ownership change. She and general manager Rob Pelinka remain responsible for building around Luka Dončić ahead of the 2026-27 season.
By the numbers: Buss has served as governor since 2013. The Lakers have won one NBA title and missed the playoffs seven times during her tenure.
What to watch: NBA owners must approve the sale before Kushner and Iger can take control. Any changes to Buss' authority after closing will shape the franchise's next transition.