Jeanie Buss legally challenges siblings' plan to sell Lakers stake to Iger and Kushner

Joshua Kushner and Bob Iger's proposed $12.5 billion Lakers acquisition has widened beyond Jeanie Buss' legal fight with her siblings, with new reporting highlighting the substantial tax advantages the buyers could gain if the NBA approves the deal. Reports have said the transaction would leave Iger and Kushner owning about 83% of the franchise after the Buss family sells its share, though Jeanie Buss is contesting that plan and arguing the trust's 17.8% stake cannot be sold without her approval. Kushner, who has previously held stakes in the Memphis Grizzlies and Miami Heat and recently bought a minority stake in the San Francisco Giants, must sell his Heat interest to complete the purchase. Ram Ahluwalia of Lumida Wealth Management and sports industry analyst Joe Pompliano said the buyers could use amortized intangible assets to offset income such as carried interest income, with Pompliano saying 90% or more of the purchase price could be allocated to such assets over 15 years under Section 197.

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