Jeanie Buss Tries to Stop Sale of Lakers Family Stake
Listen to the story
Jeanie Buss is reportedly trying to stop her siblings from selling the family's remaining stake in the Los Angeles Lakers. A stake is the part of a company or team that someone owns.
Jeanie is currently the controlling owner of the Lakers, meaning she has the most power over how the team is run. According to reports, she wants to keep this role.
Her siblings reportedly planned to sell the family's last share of the team. The buyers were said to be Bob Iger and Josh Kushner. Bob Iger is well known for previously leading the Disney company.
The Buss family, who have owned the Lakers for many years, recently released a statement about the situation. A statement is an official message shared publicly to explain something.
However, only hours after that statement, reports emerged that Jeanie Buss disagrees with the sale. She is said to be challenging her siblings in an attempt to keep control of the team within her own hands.
This kind of disagreement over a family business is sometimes called a dispute, meaning a serious disagreement between two or more sides.
It remains unclear exactly how this situation will be resolved, or whether the sale to Iger and Kushner will go ahead as originally planned.
Fans and sports business analysts are closely watching the story, since any change in Lakers ownership could affect the future direction of one of basketball's most famous teams.
For now, no final decision has been confirmed, and further details are expected to emerge in the coming days.
Vocabulary7 words
- stake
- the part of a company or team that someone owns
- controlling owner
- the person with the most power over a business or team
- statement
- an official message given to the public
- dispute
- a serious disagreement between people
- ownership
- the fact of owning something
- siblings
- brothers and sisters
- reportedly
- according to news reports, though not fully confirmed
Quiz
Answer key
1. Stop her siblings from selling the family's remaining stake 2. Bob Iger and Josh Kushner 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Jeanie Buss is reportedly trying to stop her siblings from selling the family's remaining _____ in the Los Angeles Lakers.
Jeanie is currently the _____ owner of the Lakers, meaning she has the most power over how the team is run.
Her siblings reportedly planned to sell the family's last _____ of the team.
The buyers were said to be Bob Iger and Josh _____.
Bob Iger is well known for previously leading the _____ company.
The Buss family recently released a _____ about the situation.
Only hours after that statement, reports emerged that Jeanie Buss _____ with the sale.
This kind of disagreement over a family business is sometimes called a _____.
Any change in Lakers _____ could affect the future direction of the team.
No final _____ has been confirmed yet.
More Sports stories
Next story · Medium
Colts Expected to Sign Veteran Receiver Keenan Allen