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Buss family selling remaining 17.8% ownership stake in Lakers to new majority owners Josh Kushner and Bob Iger

After nearly 50 years, the Buss family will no longer be part of the Lakers’ ownership group. In a statement to ESPN, the family announced that it has chosen to sell its remaining 17.8% ownership stake in the Lakers to the new majority ownership group led by Bob Iger and Josh Kushner, according to multiple reports. Iger and Kushner purchased the controlling stake in the Lakers last week for a record-breaking $12.5 billion.

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