Jeanie Buss takes control of Lakers, ending brothers’ failed coup

first_imgThe battle between Jeanie Buss and her brothers for control of the Lakers came to an official end Monday, with Buss remaining in charge of the legendary franchise.After a month of legal maneuvering, including a forceful attempt by Jim and Johnny Buss to seize the organization from their sister, the siblings asked a Los Angeles County Superior Court judge on Monday to issue an order that ensures Jeanie will remain the Lakers controlling owner and on the board of directors.“It’s hard to imagine a better outcome,” said Adam Streisand, an attorney for Jeanie Buss, in an emailed statement. “Jeanie will run the team, just as Dr. (Jerry) Buss always intended. And Laker fans can get back to hoping for championships instead of favorable court rulings.”It was a quick and clean end to a dramatic attempt by the Buss brothers to overthrow their sister after she fired Jim Buss as president of basketball operations in February. In early March, the brothers attempted to reconfigure the board of directors so it did not include Jeanie, the team’s president and governor. Jeanie told ESPN she was “very happy” that Janie Buss had become a co-trustee, saying, “I love her, I trust her and I’m excited to work alongside her.”Monday’s agreement ensures not only that Jeanie Buss will remain in charge of the Lakers for as long as she desires, but also that the her handpicked front office will stay intact. After firing Jim Buss and General Manager Mitch Kupchak on Feb. 21, she hired Lakers legend Earvin “Magic” Johnson as president of basketball operations and Rob Pelinka, formerly Kobe Bryant’s agent, as general manager. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersShe thwarted that attempt with a restraining order against her brothers, and Monday’s development was seen as the logical consequence of her brothers’ failed coup. In an interview with ESPN, Jeanie Buss called it “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,” she told the network. “Laker fans deserve success – and now we can focus again on bringing it to them.”In a stipulation filed by Jeanie Buss’ attorney in court Monday, Jim and Johnny agreed “to take all actions reasonably available to them, including voting the Trust’s shares” to ensure that Jeanie is re-elected to the board of directors and as controlling owner “on an annual basis during (Jeanie Buss’) lifetime.”For Jim, that’s now a moot point.Six Buss children serve as co-owners of 66 percent of the franchise, which they inherited when their father, Jerry Buss, died in 2012. Jeanie, Jim and Johnny were co-trustees of the four family trusts. As part of the resolution, Jim Buss resigned as a co-trustee last week. In court documents filed Monday, Janie Buss, Jeanie’s younger sister and a close ally, was named his successor.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img

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