Lakers Ownership & Governor Threshold Workbench

Proportional Ownership Cap-Table $7.50B Valuation

Buss Equity %

0.0%

Stake Deal Value

$1.335B

Governor Status

Forfeited

Controlling Group

Kushner & Iger

NBA 15.0% Governor Threshold Rule

NBA bylaws mandate franchise governors hold ≥15.0% voting equity. Jeanie Buss drops below minimum.

0% 15% Threshold 100%

Below Threshold: Must transfer NBA Board of Governors seat.

Franchise Ownership Milestones

1979Dr. Jerry Buss purchases Lakers, Kings & Forum for $67.5M.

2013Dr. Buss passes; 66% controlling stake passes into 6-sibling Family Trust (11% each).

2021Trust sells 27% minority share to Mark Walter & Todd Boehly (TWG).

20265-0 sibling vote liquidates remaining 17.8% Trust stake to Josh Kushner & Bob Iger syndicate.

Buss Family Trust Voting Matrix 5-0 Sell Approved (2/3 Trustees)

Sibling	Trust Authority	Vote Action	Retained %

*Note: California Trust bylaws require majority trustee consent (Jim & Johnny Buss outvote Jeanie Buss 2-1).

Interactive Scenario Sandbox

Buss Family Retained Equity: 0.0%

Kushner vs Iger Syndicate Allocation: 50% Kushner / 50% Iger

Franchise Enterprise Valuation ($B): $7.50 Billion

Governance Assessment

Full liquidation removes family ownership. Governor seat transfers to Josh Kushner & Bob Iger syndicate upon NBA Board approval.