Stake Distribution & Governor Threshold
PRE-SALE (CURRENT)
Buss Family Trust
Kushner & Iger Bloc
Boehly / Walter Group (33.0%)
Other Minority Partners (49.2%)
NBA Governor Status (Article 7 Rule)
REPORTED
Jeanie Buss — Active Governor
Qualifies under NBA Constitution Article 7 as holding the designated operational controlling stake (17.8%) among family trust and governing bloc.
NBA Article 7 Constitutional Rule
DERIVED LOGIC
Under NBA Governance bylaws, each franchise operates under a designated Team Governor who represents the franchise on the NBA Board of Governors and possesses unilateral league voting authority.
Dynamic Largest Single Stake Rule:
When an individual or family holding is liquidated below the plurality operating threshold, governor credentials automatically lapse unless formally re-designated by affirmative majority vote of the new ownership syndicate.
Key Fact vs Calculation Audit:
- ESPN Fact 17.8% Buss stake sold to Josh Kushner & Bob Iger.
- ESPN Fact Jeanie Buss loses required percentage for governor role.
- Derived Buss family final post-sale stake: 0.0%.
- Derived Kushner/Iger bloc holds largest single new stake (17.8%).