00:00The Lakers just got a new $12.5 billion owner in Mark Walter's group.
00:06And before the inks even dry, there's already a family war breaking out over who gets to sell what's left.
00:13Brace yourself, people, because this is going to get messy.
00:16And here's what we know so far.
00:18So now former Lakers president, Jeannie Buss' five siblings, Jim, Johnny, Janie, Joey, and Jesse, reportedly voted 5-0 to
00:28sell the family's remaining 17-8% stake in the Lakers to Bob Iger and Josh Kushner.
00:34At that same $12.5 billion number, Walter's is selling it at.
00:39But here's the thing.
00:40Jeannie didn't take part in that vote.
00:42And now her lawyer is saying the whole thing is void.
00:46Now her claim is that a 2017 court order that says no sell that state can happen without approval from
00:54three specific co-trustees, Jeannie, Janie, and Joey.
00:58And here's the real stakes for Jeannie personally.
01:01NBA rules require a governor to hold at least 15% ownership.
01:06So if this sell goes through the way her siblings want it to, she could lose the ownership percentage that
01:13keeps her as the Lakers governing all together.
01:16Now this is still a developing legal dispute with competing claims on both sides.
01:21Jeannie's team is pointing to the 2017 trust order, whereas the siblings are pointing to a tag-along provision from
01:30the Walter sell.
01:31So brace yourselves, Lakers fans, this is headed for a legal fight, and we'll know more as the paperwork gets
01:38filed.
01:39But with news like this, losing LeBron James is the least of the Lakers' problems.
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