Jeanie has won the war of the Busses. The siblings have agreed that Jeanie will remain in control of the Los Angeles Lakers, reports Nathan Fenno of the Los Angeles Times:
On Monday morning, they asked a Los Angeles County Superior Court judge to issue an order to that effect.
“The message is clear here: Do not underestimate Jeanie Buss,” her attorney, Adam Streisand, told the Los Angeles Times. “There is not going to be a palace coup. Not now. Not ever.”
The ill-fated takeover attempt cost Jim Buss his spot as a co-trustee for the four trusts through which the Buss family own 66% of the team.
Jim, Jeanie’s brother, will be replaced by second sister Janie as trustee:
According to a person familiar with the situation, Jim Buss resigned as co-trustee Thursday as part of a requirement by Jeanie Buss to resolve the dispute. Her younger sister and staunch ally, Janie, replaced the brother, joining Jeanie and Johnny Buss as co-trustees.
The person said there was no financial settlement with Jim Buss.
If he had not consented to the arrangement, attorneys for Jeanie Buss were prepared to ask the court to remove him as co-trustee. The agreement means the probate court trial scheduled for May 15 to resolve the matter won’t happen.
Jeanie Buss spoke with ESPN’s Ramona Shelburne about hiring Janie:
“It’s great that we were able to work this out so fast. We’ve resolved everything clearly and cleanly and now we can get back to work,” Jeanie Buss told ESPN. “Laker fans deserve success — and now we can focus again on bringing it to them.
“I’m also very happy that my sister Janie is becoming a trustee of my family’s Trust. I love her, I trust her and I’m excited to work alongside her.”
