Locked On Lakers - Daily Podcast On The Los Angeles Lakers - The Buss Siblings Try to Force a Sale of Their Remaining Shares, Which Jeanie Tries to Block

Episode Date: August 18, 2026

Rather than cede the franchise sale drama to Mark Walter, Josh Kushner and Bob Iger, the Buss siblings on Monday went full bore into doing what they do best—creating serious sibling drama.  Early i...n the day, ESPN reported that the Buss family had voted to sell its remaining share in the Lakers, amounting to just under 18 percent.  Not long after, Jeanie's attorney released a statement calling that vote bunk, and saying the sibs don't have the legal authority to do it. Jeanie, as laid out by a 2017 court order, has a legal claim to her governorship that can't be eliminated by the sale of the team (which, interestingly, was the impetus for the sibs to take this latest vote to sell).  Who wins? The lawyers will sort it out.  The bigger and more important question is whether in the end, any of this really matters for Jeanie in terms of retaining her current gig.  Is any of this, especially if it comes through a very public, very unseemly and potentially protracted legal battle, ultimately going to matter to Kushner and Iger if they want her out (or, if nothing else, remove any teeth from her position). Because in the end, is 75 year old Bob Iger, who has tried for years to put himself in this position, seemingly wants to be out front for the franchise and unquestionably has the background in league affairs to represent the Lakers in league functions, going to just kick back and let Jeanie do stuff?  Is Kushner going to favor her over his friend and co-owner?  There's no good endgame here for Jeanie.    HOSTS: Andy and Brian Kamenetzky    SEGMENT 1: The Buss family is selling. Or is it?    SEGMENT 2: Jeanie can't win.    SEGMENT 3: What are the practical impacts from Monday's events?    Photo Credit: Kirby Lee-Imagn Images   Everydayer Club If you never miss an episode, it’s time to make it official. Join the Locked On Everydayer Club and get ad-free audio, access to our members-only Discord, and more — all built for our most loyal fans. Click here to learn more and join your team’s community: https://lockedonpodcasts.com/everydayerclub   Support Us By Supporting Our Sponsors! Indeed Listeners of this show get a $75 Sponsored Job Credit to help give your job the premium placement it deserves at http://Indeed.com/podcast.   Cozy EarthHead to https://cozyearth.com and use my code LOCKEDONfor an exclusive 20%. Wayfair Patio season is here and these deals won’t last! Head to https://wayfair.com right now to get your outdoor space ready for way less.  Wayfair. Every style. Every home. FanDuel Today's episode is brought to you by FanDuel. Join all the action at https://FANDUEL.COMto play Daily Dingers and make your free pick on who’s hitting a homer this MLB season.   FANDUEL DISCLAIMER: 21+ in select states. First online real money wager only. Bonus issued as nonwithdrawable free bets that expires in 14 days. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, MD, MI, NJ, PA, IL, VA, WV), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 (WY, KS) or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), 1-877-8-HOPENY or text HOPENY (467369) (NY), TN REDLINE 1-800-889-9789 (TN) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript
Discussion (0)
Starting point is 00:00:00 Just when you thought the Mark Walter story was strange, the bus family reminds you that no family in Los Angeles corners the market on ownership drama like they do. That's next. You are Locked on Lakers. Your daily Los Angeles Lakers podcast, part of the Locked on Podcast Network, your team every day. Thanks to everybody for stopping by Locked on Lakers, Brian Komenetsky, Andy Kemanetsky. Everything is very strange, Andy. It's been a strange day. But yeah, so we have this situation where, you know,
Starting point is 00:00:41 it looked like all the weirdness was going to be contained to just what we saw, the shocking 72-hour liquidation of the Lakers to the Kushner and Bob Eager group. And we got news on Monday morning, Monday morning, that in fact, Jeannie Bus. Now, you're going to have to stick with us here for a second because the news wasn't exactly what the news was for terribly long. But initially, the news was that the bus family had decided to sell their percentage, the nearly 18% of the team that the bus family through that trust still owns. and I thought to myself, for reasons we'll discuss, that kind of makes sense. I see where this is going and why.
Starting point is 00:01:39 But then, Andy, the story got weird. Because as it turns out, according to Jeannie's lawyer, the same lawyer, Andy, that she used in the 2017 dust up, where Jim Bus tried to wrestle control. Jim and Johnny. John and Johnny. Rarely seen Johnny Bus tried to wrestle control from the team. From Jeannie. Same lawyer who punctured holes in that attempt pretty quickly, as it turned out,
Starting point is 00:02:16 sent out a scathing mail to everybody that took shots at Joey and Jesse that took shots. It took shots at shams. It took shots. Everybody was catching, catching strays on this one. And saying that Jeannie had, in fact, not only had Jeannie not agreed to sell, but that the remaining bus children had no right to do so, according to court agreement from that 2017 first, you know, that first round. of them trying to wrestle control from Jeannie. There's a court order, according to Jeannie's lawyer, that prevents any sale of those shares
Starting point is 00:03:06 that would prevent Jeannie from being remaining governor of the team. There are a lot of details in here in terms of trusts and rules and who's going to win in court where this is almost certainly going to go. Genie, I don't say hiding, that's the norm, Genie standing behind this 2017 order, the five bus children who wanted to sell, apparently using a provision that allows them to piggyback off of any sale that Mark Walter makes to sell their shares,
Starting point is 00:03:40 which one wins in court, I guess we'll find out, Andy. But first things first, it's hard to imagine a more appropriate potential end to the bus family ownership of the Los Angeles Lakers, then whatever this is waves arms about, because these six people cannot get along to save their lives. No, and I'd mentioned this before, that as visionary as an owner as Dr. Bus was in taking over the Lakers
Starting point is 00:04:16 and the Kings, and the way he didn't just change the NBA in presentation. He changed sports and he truly saw ahead of what most people couldn't even begin to imagine. But at the same time, he was quite unable to see a very obvious truth, staring right at him in the face with forget behind the scenes evidence, very upfront on the record drama playing out in front of us evidence that his adult children would never. be able to work together in the capacity that he had not only set up for all of them in this utopian vision, but quite frankly, seemingly told them all at different points that he
Starting point is 00:05:03 imagined them running the organization, which created a lot of cross purposes from each other beyond just the natural sibling rivalry, sibling tension that has seemingly always existed with these kids. But to your point earlier, the idea that the bus family or the five siblings, not named Jeannie, would want to sell their shares,
Starting point is 00:05:30 made a lot of sense. I mean, it could have made sense in the Mark Walter era because, you know, Jeannie unceremoniously canned all of them, the remaining Joey,
Starting point is 00:05:42 Jesse, Janie contingency, and left herself the last sale. Right, following the sale to Mark Walter and left herself the last standing bus in ways that Joey, Jesse and Janie, who should be noted, Janie rarely speaks in public at all, made very clear they felt backstabbed and they felt betrayed. So even in the Mark Walter era, it wouldn't have necessarily made a lot of sense for the other five to remain on since they had no rule. And in the case of Joey and Jesse, they lost a role that they really cared about in terms of running the G-League team and running scouting in the Iger Kushner era where they truly had no connection to anything going on. And frankly, Genie's role moving forward would have been tenuous under the best of circumstances.
Starting point is 00:06:33 We talked about Bob Iger's caveat on top of caveat statement when asked about Jeannie remaining on as governor. it was quite non-committal, you could see where the logic for them to sell out. And the statement from the other five is very telling, quote, we have decided as a family to sell the remaining bus family trust shares to the Bob Iger group as part of the ongoing transaction. We love the Lakers, Laker fans, and will continue to support Los Angeles. But it's time to use this opportunity to move on and exit gracefully while we can, which feels very much messaging.
Starting point is 00:07:11 ahead of time to Jeannie Bus, who I'm sure they anticipated would fight this. And it's their way of saying not so subtly, don't embarrass yourself on the way out. Don't embarrass us on the way out. This is inevitable. This is the direction things are moving forward. Just accept reality. Genie Buzz is going to go on. Well, I was just going to say, like, it's funny because like my initial in the rollout of this,
Starting point is 00:07:41 stuff. My initial reaction to, and this is, I think it's relevant. It turns out not to be the exact way the story is unfolding, but I think it's ultimately relevant and why, as we're going to discuss in this before the end of the show, Jeannie has no real end game here. My initial reaction to this was that Jeannie and the family sort of saw the writing on the wall here. It's going to be a new ownership group coming in, the arrangement that Jeannie had with Mark Walter in terms of being the governor of the team, we're a five-year period, whatever it is. You know, Bob Iger, when asked about that by our friend Kobe Price at the California Post, said, you know, we plan to honor the agreement and all that stuff, but if things change,
Starting point is 00:08:33 they change. And which is then, you know, if something change, if things change, they change. It's essentially, it's not even really a paraphrase. almost a direct quote. Yeah. And so when, when I heard this, I looked at Jeannie and I looked at the way that Bob Eiger is talking and then thought about Bob Eiger, the person. And I'll tell you what my initial reaction and my initial read of what was happening was and
Starting point is 00:09:06 why I think it's relevance. I'll explain that next. Lock on Lakers is brought to you by Wayfair, whether you're refreshing one room or getting ready for a new season or finally replacing that piece of furniture you've been putting off Wayfair makes it easy to find something that fits your home, your style, and your budget. You can shop furniture and decor across a wide range of price points with quality materials and price and pieces designed to stand up to real life and with Wayfair verified product specialist hand vet select products through a 10 point quality inspection looking at things like. materials, functionality, features, and even how long they take to bid. And if you're trying to narrow down what to buy, Wayfair gives you plenty of real shopper feedback to work with. Like, true story. We recently ordered an entertainment center for our living room from Wayfair, the Boho TV
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Starting point is 00:10:24 So really, wisdom of crowds, people. Join Wayfair rewards today to get 5% back on every purchase and start saving on your next home upgrade. Head to Wayfair.com to shop all things home. That's W-A-Y-F-A-I-R-com, Wayfair. Every style, every home. So my first in my initial read of this, which was wrong, by the way. But I think it's important and it remains relevant because look at like when the
Starting point is 00:10:58 arrangement with Mark Walter, he was a guy who does not want to, he doesn't like, he doesn't want to be in the public spotlight, doesn't want to be the voice and face of the of the Lakers. Isn't the voice or face of the Dodgers, you know, he's not, you know, Stan Kasten did that for years. So they're like, you know, Andrew Friedman goes out and talks, that Dave Roberts is very media for. They have plenty of people in that organization who are there to talk, to go to the meetings, to meet with Major League Baseball, all that stuff.
Starting point is 00:11:28 That's what Jeannie fulfills. That's her job with as the governor. You know, she would have a strong voice in the business of the Lakers and all these other things. Bob Eager, we talked about this for Monday's show. Bob Eiger is a guy who has. has wanted for really decades to own an NBA team. Massive NBA fan.
Starting point is 00:11:51 It's been trying to get into this game for a long time. Fun fact, by the way, that I had completely forgotten about, but relearned upon just reading up more on Mark Walter and the mess that his professional life is increasingly becoming. In 2014, he along with David Geffen and Oprah and Larry Ellison, tried to buy the Clippers in the bid that eventually they lost to Steve Ballmer. But I guess just for those worried about Bob Eiger, either having been a Clippers fan before or trying to purchase an expansion franchise,
Starting point is 00:12:28 just wanting to get it. I understand, like I talked about it before, I understand why the impersonal nature of this may rub fans the wrong way. Like, I truly get it, particularly with the history of the Lakers and ownership. but it is important to remember that the guy that you were so excited to have before Mark Walter actually first tried to get in on the clippers. These guys often just try to get in where they can. Well, it's like being a, you know, why would any coach take that job?
Starting point is 00:12:58 It's a terrible job because they're only 32 of them or 30 in the NBA, 30, you know, 32 in the NFL. That's why Mike and Mori is working on a month-to-month lease in Portland because he's 50 years old, and this is his first shot at head coaching. Right. And so like if there are a lot of rich people who try to buy these teams when they become available. And just because there aren't that many people who can do it in absolute terms, when one or two come on the market every couple of years, there are enough of them out there that it makes it really difficult to buy them. So you try to get the ones that you can get. I, Bob Eiger, though, he's, you know, he is somebody who has, you know, had a very prominent business career, obviously was.
Starting point is 00:13:43 Disney. This is kind of the last public act for him. You know, and there is just, it seems impossible. This is one of the things I, you know, when we had this conversation about Iger's caring about his public perception and why I think he's interested in doing this right. Like, this is, I think, sort of the, you know, he's tried really hard for a long time to be somebody who has one of these teams and has cultivated relationships in the NBA. He's not sending Jeannie Bus to go be the governor of this team.
Starting point is 00:14:17 He's not having Jeannie be the person who is making substantive decisions about the business and the way the business is going to be run. That is why he wants to be in the situation as in. Josh Kushner is the money guy. Bob Eiger is going to be the face and the person that we see and has plenty of experience with the league doesn't need. Jeannie to do that job as a governor and all this is qualified as Jeannie is. That's not the point. Bob Eger wants to do it himself. So when I got when I saw that initial news, Andy, I thought, ah, they must have had a
Starting point is 00:14:55 conversation. The writing is kind of on the wall. She's not long for the job anyway. At some point, it's going, there's going to be some sort of awkward power struggle breakup thing where Jeannie is essentially sidelined, even if she doesn't lose her title. and it's going to be really awkward and embarrassing. And rather than go through that, they decided, let's just cut ties now because it's the cleanest thing. Now, 45 minutes later, I understood why I was wrong.
Starting point is 00:15:26 But the larger point to me is, though, whether she loses the share, loses, you know, because of a forced sale in this case, because, you know, the other siblings and the trust went out in court, or eventually, she's shoved out by new ownership, this isn't going to work. And it's going to end poorly for her. Look, the everydayers know, I have been saying since the Mark Walter sale, much less where we are now, I don't particularly give a bleep if she's governor or not. Because at the end of the day, she's not the ultimate shot caller. Like, you know, these reports initially that kind of had a lot of very vague language or explanation about Jeannie remaining on.
Starting point is 00:16:12 running day to day, team governor, blah, blah, blah. And my reaction at the time was, I don't really know what that means in terms of practical functionality because you're not running things if you don't have the ultimate say. And Jeannie was not going to have the ultimate say under Mark Walter, much less where we are now because she doesn't have the most shares. Mark Walter had the most shares. Now Josh Kushner and Bob Iger have the most sales. So a lot of this was ceremonial and ornamental,
Starting point is 00:16:43 and it's looking increasingly, quite frankly, like just an ego boost in clinging to the past or I think even digging a little bit more deeper, just not wanting to let the other siblings win as she had been standing on top for a while and was, as I said earlier, the last bus standing. But in reality, she did not have the juice that, at least to me, would make it worth, I mean, she's already, I guess, in some
Starting point is 00:17:15 ways torched a lot of family ties, but to just truly napalm them. Like, the end game in all of this is very difficult to figure out. You know, obviously this will go to court and neither one of us are lawyers, but hearing even Adam Streisand, the lawyer for Jeannie Bus, explained this as in so many words, unless Jeannie wants to sell, the other five are trapped into owning the franchise? And Jeannie has to be governor. Like it's a very, yeah.
Starting point is 00:17:52 Like, look, again, I'm not a lawyer, but that seems something like a lawyer for, I don't know, the other five siblings would pick up on that being untenable. Like the idea that essentially they can never, they can never sell their own shares. And I am assuming this is the case. Otherwise, the solution would be pretty obvious.
Starting point is 00:18:15 Jeannie doesn't have the liquidity to just buy them out. Because if she could just buy them out. But I'm saying that's the obvious in a situation like this, in a perfect world, that's the obvious solution. She buys them out. She remains governor. They cut ties with a franchise that they are clearly ready to be done with. And I think after all this turmoil doesn't mean the same thing that it did to them before.
Starting point is 00:18:41 But Jeannie is trying to have this both ways because she can't buy them out, but she's essentially trying to trap them into ownership. I don't know. But here's the thing. I don't know if she's trying to trap them. All she's doing is trying to protect her own place. Like could she buy them out? No, I don't think she could.
Starting point is 00:19:00 It requires, you know, a couple billion she probably doesn't have. I'm not sure they would, I'm not sure they would sell their shares to her. You know, because again, I don't think they necessarily want her to have the asset and the appreciating value and all that kind of stuff either. But,
Starting point is 00:19:17 you know, I was actually, we were texting with a friend of ours. I was joking like, what if the out here was that they all pool their money and buy the team back from Mark Walter? But like, and then like,
Starting point is 00:19:28 you know, Jim gets reinstalled and all these. But there's no way for the, my point is like, there's no way for this group. of siblings to work together. And while, you know, if you go back and Dave McManaman and Ramona at ESPN have some reporting on this and other people do, and I'm going to be careful about how, you know, I don't want
Starting point is 00:19:48 to read a 2,000-word article to people on a show, I will encourage people to go to their own reading. But, you know, the gist of this is there's a lot of machinations that have happened. There was a vote to potentially sell shares a few months ago. go unrelated to this pending sale only three of the six siblings voted to sell and you need four to even try to set something like this in motion there was an interesting thing of the the inside the lakers organization trying to dissolve and then reform the trust as reported in in dave's story which is now perceived by the other siblings as a way for Jeannie to try to protect her status,
Starting point is 00:20:37 knowing that this sale was coming and they didn't. And so there's a lot of machinations going on here. And very clearly to me, it seemed like the other siblings, three of whom, sorry, four of whom were fired at one point by Jeannie. took this opportunity, whether it'll work or not, to try to shove her out of the organization and get their revenge. There's a great, well, there's a great quote in the ESPN piece. I don't remember if it was Shams's piece or Dave McMenaman or Ramona.
Starting point is 00:21:16 Like there had been a bunch of people from ESPN all over it. But this, I thought, was a really telling quote. Jeannie told her siblings, the sale to Walter was in their best interest of the long term, but it ended up being an embarrassing one, and it's time to move on cleanly. One person with knowledge of the process said, I'm going to go out on the limb and predict that whoever that one person is, their name begins with a J. It feels very connected to one of the five siblings who, you know,
Starting point is 00:21:48 it was well reported that the sale to Mark Walter was something that Jeannie in particular was quite enthusiastic about. and it's also been pretty well reported that Joey and Jesse and Janie were side were sideswiked by the outcome of that sale. And even though I think it stood to reason that like Joey and Jesse's roles moving forward could be tenuous in a situation where the family no longer was majority owners, I think they, it seems like they at least expected more of an opportunity to prove themselves to Mark Walter and felt very obviously screwed over in this process.
Starting point is 00:22:28 100%. And so, you know, again, like the who wins the legal argument here? I'm not sure. But this is to me very clearly an instance of the other siblings exacting, attempting to exact some revenge on Jeannie by forcing her out and embarrassing her. And I don't want to get in the middle of a family. drama in which I'm sure there's a lot of layers to some you know what will become very uncomfortable Thanksgiving dinners but I don't blame them my big question is has always
Starting point is 00:23:05 been since this thing with Mark Walter started is what is in the best interest of the Lakers and the equation has changed pretty dramatically based on what we've seen today and I'll explain and why next. Blocked on Lakers is brought to you by Indeed when workplace chaos hits and you need the right hire. Indeed, sponsored jobs helps you connect employers with candidates who match specific needs like skills, certifications and locations. So less time gets spent. Searching more time gets spent finding the right fit.
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Starting point is 00:24:30 Indeed.com slash podcast. Terms and conditions apply, need to hire. This is a job for Indeed, sponsored jobs. So people who watch the show regularly and you should be subscribing, whether you're watching the show on YouTube as we are live right now for viewers there or if you're a subscriber on Apple, iTunes, or Spotify, however it's your podcast. Because sometimes the team gets sold. or parts of the team gets sold.
Starting point is 00:24:58 Sometimes it happens like two or three times in a day and then it gets stopped and then siblings argue with each other. You want to be subscribing so you don't miss any of that. My big concern, whether, you know, for the Kushner thing, for Bob, how fast can this get done? Kushner needs to raise a little bit more money. How fast can that happen? Kushner needs to divest his shares of Miami Heat.
Starting point is 00:25:24 How fast can that happen? How quickly can we get from Mark Walter to the new guys, the new, new guys? My concern with this, other than it's just kind of an ugly and embarrassing way for this iconic family ownership to end. And it's quite sad more than anything. It's really, really, really quite sad. How does this impact the timeline of getting this done? Because if, presumably, if the bus family actually does sell or is allowed to, sell and Janie is forced out. It's another 12 and a whatever, you know, billion, I'm sorry,
Starting point is 00:26:03 another 18% give or take that the Kushner group needs to raise more investors, more of their own money, whatever might be, to fill that hole. That could take some time. It could very well take some time to unwind this court thing to figure out, you know, what is being sold, who has controlling interest and all these other stuff in ways that, you know, impact Mark Walter, impact, you know, the bus family impact the sale. And like, does that slow it down? Does this mean, can the other part of the sale go on while this stuff, you know, is happening? Like, these are the kinds of questions that I care about because for me, the most important thing is getting from point A to point B so that the new people, good, bad, or whatever, can start doing what they're going to do.
Starting point is 00:27:01 And then we'll find out if they're good at it. But any delay here that's caused by, just to kind of go back to what we were talking about in the first segment, if there's a delay here that's caused by the bus family arguing and genie seeming to cling to this sort of Kabuki theater governorship, she risks, strongly risks. undoing what has been a pretty positive legacy and still overall, I think, a positive perception among most Lakers fans. Of Genie? I think most, it's certainly most casual Lakers fans around town.
Starting point is 00:27:39 They must be very casual because the majority of ones I've heard from in the post-Dr. Bust, Jeannie Ultimate Shotcaller era have not been impressed. Well, maybe, but I think to whatever extent, the one thing, I'll say this, One thing that you can, I think, even people who do not like Jeannie, would generally agree on, is that she loves the franchise, loves the city, wants the team to do well. There's other stuff in it. There's drama. There's this, that, whatever.
Starting point is 00:28:10 I get it. But sort of at a core. This does not help that. And so ultimately, she is not going to get what she wants. I see no way that a protracted argument that happens while the new people are trying to buy the team, even if it lets the team go through and they're still arguing while this happens. This is not going to make Bob Eiger and Josh Kushner want to keep her around doing this job. It is over.
Starting point is 00:28:45 It is over. It's one of many reasons why, again, her endgame raises a lot of, what the F questions. You know, I have had a sense. And again, this is just sense. This is not through any type of detailed reporting or whatever, but just thinking about Bob Eiger and Adam Silver having a relationship, like a very strong established relationship beyond doing business together.
Starting point is 00:29:12 They have been described by a few people I've heard that would know this as actual friends. I have gotten a sense that for all the, narrative about Josh Kushner being Jared Kushner's brother, Jared Kushner's role in the Trump administration, the idea of the Trump administration strong arming this. And we discussed this in the first show when this news broke, not to ignore the elephant in the room. I have a sense that if anybody was strong arming this, it was likely Adam Silver and trying to move this forward and saying this is something that needs to happen.
Starting point is 00:29:52 And frankly, it wouldn't shock me at all if the big impetus of this was that Mark Walter not letting the other owners in the league know that he was actually under investigation because the investigation began in September of 2025. The vote happened in October of 2025. The news didn't break until July of 26. I find it difficult to believe that all these owners voted yes on this while knowing Mark Walter was under federal investigation. So I wouldn't be surprised at all after more deep reporting of this comes out is that this was something prompted more by inside the league than the White House, but regardless. Oh, I don't, yeah, I don't think this is a White House thing. I actually don't know how much it came from the league.
Starting point is 00:30:37 I don't think, I don't think it was a, certainly after the investigation came out, start, you know, it was pretty clear what's been going on. I think, you know, somebody like Iger and people like Kushner and people who are deeply into the, are very well clued into what's going on, whether it's from the league kind of nudging things along or other sources tapping Iger on the shoulder or Kushner going, Walter's in deeper trouble than you take a run out of it either way. Yeah. However you want to put it more internal than external, but regardless, this, Jeannie has always said that everything she does is with the organization's best interest in mind,
Starting point is 00:31:25 that she loves the Lakers so much. Everything she always does is first and foremost about the Lakers. And I will be honest, and this is nothing I haven't said before on previous shows. I have not always believed her on that front, or at the very least, I have not always believed that ethos that she claims has been matched in deed and action, particularly when I'm I think she's very, I think she's very, I, even if you, for me, if I take at face value, this notion of best interest, heart loves a team, loves a franchise, fulfill your dad's legacy, all that stuff. I think she's very poorly suited for the job that she was given,
Starting point is 00:32:06 which was the ultimate shot collar for the team. So I think her competence for that job is, isn't good. No, it's not been good. It's not been good, but also I think it's been exacerbated by an insistence on bringing in the people that she's personally closest with as opposed to those most common. That's part of being bad at her job. Right. But regardless, I could picture a way where she can at least talk herself into the idea of these decisions I made were in the best interest of the organization. there it requires layers and layers of compartmentalization and frankly delusion for her to convince herself that a protracted battle that brings her entire family into court over minority ownership of the team, not even majority, minority ownership.
Starting point is 00:33:03 so she can stay governor in a role that it's become very clear. Bob Eiger could not give a rat's ass whether she does or not. This is not something where she's providing a necessary function in the eyes of the people that are going to be owning this team. And they're going to be owning this team in no small part because the previous owner that Jeannie Bus pushed hard for. turned out to be a colossal mistake. But moving forward, the idea that somehow the organization will end up in a better place
Starting point is 00:33:42 because she took this all the way to the lawyers and to the court and some protracted battle. So again, she somehow ends up a minority owner in what is very much, again, a ceremonial ornamental role as governor. I'm sorry, but that's just peak selfishness. There is no way I will need somebody to really break down to me how that is somehow in the best interest of this organization. That's essentially the point I was trying to make, which is what, you know, there are people who, you know, agree with you. There are people who are probably are big fans. There are people who kind of like me in the middle who are like, I don't think she was very good at, I think she was very good at her job when her job was doing essentially. what she's done post Mark Walter, which is help, you know, operate on the business side,
Starting point is 00:34:38 you know, be an ambassador for the franchise, you know, work with the league, like, be a great league partner. I think she's good at that part of this job. It's not the part of the job that fans particularly care about, but that's the part that she's good at. The part about being an ultimate shot caller that includes stewardship of the basketball operation for the reasons you talk about, to Insular, to all these other things, you know, reluctant to make hard decisions and stuff like that over anything that isn't firing her siblings.
Starting point is 00:35:10 I think she's bad at it. But like whatever, wherever you come down on that, you know, sort of range, this undercuts all of it. If you were kind of a fan, wanted to give her the benefit of doubt, we're willing to say, you know what, in the end, Jeannie Bus has, you know, just been a really, you know, an important part of like all that stuff. if this continues. And it just happened on Monday. And it could quietly in a week or two get resolved in a way that ultimately, I think, the bus family is going to sell.
Starting point is 00:35:45 That is my prediction that at some point, relatively soon, I'm not saying in a week or a month or before, but I think before the other sale closes, I think if not totally done, I think this will be, I think the bus fan will be mostly gone. Well, there is no mostly. Or in the, in the process of being gone. I think this will all, I think this will all get wrapped up on approximately the same timeline. But, I mean, look, if it matters that much to her to stay connected to the organization that way, just let the other five sell.
Starting point is 00:36:24 Just let the other five sell and keep your minority stake and you don't get to be governor, but at least at least if it is so damn important. Yeah, I wonder if that's a choice. Yeah. If it is so damn important for the future of the organization that you remain a part of it, then just let the other five go. You can keep for three percent. You can work on the business side.
Starting point is 00:36:44 You can have a problem. The problem is, though, this is only about that title. It's only, I mean, it may be about wanting the, you know, wanting to be there when the organization appreciates in value or whatever, but it largely seems about. wanting to hang on to that title and that degree of what is honestly kind of fake power. And it's just selfish. I agree.
Starting point is 00:37:07 I agree. It's the pointlessness. And we'll quit here. But like it's all the family drama in the end to me is, I don't want to say it's secondary because there's a lot going on here. But it is ultimately kind of a side show to me because it is. of what I said in the first segment. I think ultimately Bob Eager is going to force her out anyway.
Starting point is 00:37:34 And I don't know what that will look like. I don't know what the legalese of it all is. I don't know how binding the agreement that Jeannie made with Mark Walter is. But these are people who can understand how to make things like this happen. And it was never going to end gracefully for Jeannie unless she allowed it to. And I just think even if she wins in court, she's going to lose with the Lakers and lose with Los Angeles. And that to me would be really, really sad for somebody, again,
Starting point is 00:38:09 who I'm willing to give the, you know, the totality of the legacy of Jeannie Bus in L.A. should be one that is ultimately quite positive and it's at risk. I'll tell you this much, she's somebody that loves to be loved. So if that being the case, tread lightly. Lockdown Liquors on YouTube is ready to hang out with over 39,000 subscribers through the channel. We will be back with what will surely be more news for Wednesday because, wow, it's been really quite a couple of weeks. So everyone have a great day.

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