​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.”We have decided as a family to sell the remaining Buss 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 is time to use this opportunity to move on and exit gracefully while we still can,” the statement said.BREAKING: The Buss family has decided to sell its remaining 17.8% ownership stake in the Los Angeles Lakers to new majority owners Josh Kushner and Bob Iger, per @ShamsCharania.The Buss family trust received majority votes to allow trustees to execute the sale, which required… pic.twitter.com/bFUTgntaTN— Yahoo Sports (@YahooSports) August 17, 2026This story will be updated.