Joey Buss Rumors
In a letter sent to Jeanie Buss and other members of the Lakers’ board on Feb. 24, Jim and Johnny proposed a slate of four directors that did not include Jeanie Buss or Joey Buss, who had previously served on the board. Jeanie Buss’ lawyers argued in court March 2 that Jim and Johnny are breaching their fiduciary responsibilities as trustees by not including her in the slate of proposed directors.
Ramona Shelburne: The Lakers have to vote on a board of directors and controlling owner every year. Since 2013 there have been three votes to affirm Jeanie as controlling owner. This years vote has not taken place yet. Last week, the older brothers submitted 4 names for the 3 Buss family spots on the board. The other 2 spots controlled by Phil Anschutz. The names were Jim Buss, Johnny Buss, Dan Beckerman from Anschutz Entertainment Group and Romie Chaudhari. Romie Chaudhari, a property investor who was appointed to the board of Swansea City FC last year, following a boardroom shakeup. None of those names included the Lakers official governor (controlling owner) Jeanie Buss or the Lakers alternate governor, Joey Buss.
Ramona Shelburne: NBA rules state one owner must be designated as a franchise’s controlling owner. Jeanie’s lawyer contends the trust states she is the Lakers controlling owner, & therefore, must also always retain a seat on the board. Adam Streisand, Jeanie’s lawyer, was also Steve Ballmer’s lawyer in the Sterling family trust trial. Jim & Johnny’s lawyer Robert Sacks tells ESPN they were never trying oust her as controlling owner. They voted to re-elected her yesterday
Ramona Shelburne: Robert Sacks, lawyer for Jim and Johnny Buss: “Both Jim and Johnny hoped that any issues that might arise would be handled w/in the family. We informed her lawyers orally and in writing that Jim and Johnny fully support Jeanie as the controlling owner of the Lakers. Then inexplicably she then rushed into court saying they’re trying to oust me as the controlling owner. I can tell you, Jim Buss and Johnny Buss, as co-trustees, who vote shares in the Lakers, support Jeanie as the controlling owner. Yesterday both Jim & Johnny Buss signed a formal corporate document that voted trust shares to re-elect Jeanie as controlling owner.”