Johnny Buss Rumors
Los Angeles Lakers president Jeanie Buss has asked her older brothers Johnny Buss and Jim Buss for assurances they’ll vote for her to remain both the controlling owner and a member of the team’s board of directors for the rest of her life, according to documents filed in Los Angeles Superior Court on Friday. The documents were in response to a filing by Jim and Johnny’s attorneys that affirmed they’d vote her in to the team’s board of directors for at least the next year.
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.
Cuban admitted feeling joy in Lakers president Jeanie Buss thwarting an effort from her brothers, Jim and Johnny, in voting her off the team’s board of directors and stripping away her power as the team’s acting governor. “The worse it is, the better for me,” Cuban said before the Lakers visited the Mavericks on Tuesday at American Airlines Center. “There’s no NBA thing involved. We survived the other franchise going through some hell that didn’t begin to rival what may be going on. The more turmoil with 29 other teams, the happier I am.”
Not that Laker fans should be overly alarmed at the news that Jeanie Buss had to go to court to try to block her brothers, Jim and John, from trying to oust her as head of the franchise. No matter what a judge decides in any future proceeding, Laker fans — and thus, Time Warner execs — will not stand for Jimmy and Johnny, who have never had a real job in their privileged, rich-kid lives, running the franchise. If anyone thinks things have been turbulent, as when fans chanted “We want Phil” at Mike D’Antoni’s debut, that would be like the good old days if Jim and Johnny were ever in charge.
Nevertheless, Jim was far more involved than Johnny, the eldest (he’s 60 to Jim’s 57, Jeanie’s 55 and Janie’s 53) of Jerry’s children with his wife, JoAnn; Joey and Jesse ,whom Jerry had with girlfriend Karem Demel, are 32 and 29, respectively. Johnny raced cars until his father stopped bankrolling him, putting him in charge of the Sparks. The team won two championships in Johnny’s 12 seasons, not that running such a sideshow appeared to appeal to him. He finally tried to get Janie to take over and when she declined, resigned anyway, suggesting it was because they would sell the team. (They didn’t.)
In 2006, Dr. Buss put the Lakers ownership in a trust. In plain English above his signature it says that when he dies: “the Trustees shall take whatever actions are reasonably available to them to have Jeanie M. Buss appointed as the Controlling Owner of the Los Angeles Lakers, Inc.” Jeanie, Johnny and Jim were made co-trustees and each of them signed the trust back in 2006, meaning they knew Dr. Buss had chosen Jeanie to succeed him seven years before his death. The term “controlling owner” is important. That is what the NBA refers to as the person who makes the final decision for each team.