Los Angeles Times

Jeanie Buss will stay on board

- By Nathan Fenno nathan.fenno@latimes.com Twitter: @nathanfenn­o

The struggle between Jeanie Buss and her brothers, Jim and Johnny, for control of the Lakers has moved toward resolution.

The brothers signed a two-page consent agreement earlier this week to waive the team’s annual shareholde­rs meeting and elect their sister and four others to the board of directors, according to documents filed Friday in Los Angeles County Superior Court.

That means Jeanie Buss, the Lakers president, will remain the team’s controllin­g owner until at least the next shareholde­rs meeting in December.

Joey Buss, the secondyoun­gest of the six Buss siblings, who is president of the team’s NBA Developmen­t League affiliate, Johnny Buss, AEG President Dan Beckerman and Lakers Executive Vice President Francis Mariani were also selected as directors.

In the filing, Jeanie Buss’ attorneys asked for a court order to mandate the brothers “take all actions reasonably available to them” in order to ensure she is elected as a director and the controllin­g owner each year for the remainder of her life.

“Such relief is necessary and proper to ensure that Johnny and Jim continue to comply with the express mandate of the Trust on a going forward basis without future court interventi­on,” the filing said.

Three days after she named Magic Johnson president of basketball operations and fired Jim Buss last month as part of a front-office shake-up, the brothers called a shareholde­rs meeting. They proposed four directors for five spots: themselves, Beckerman and investor Romie Chaudhari. Jeanie wasn’t among them.

In order to be the controllin­g owner — a role the four trusts through which the Buss family owns 66% of the Lakers require her to fill — she has to also serve as a director. The three siblings are the co-trustees of the trusts.

Jeanie Buss sought a temporary restrainin­g order this month to prevent the meeting, then withdrew the request after the brothers postponed the meeting and signed a document reelecting her as controllin­g owner. Her attorneys contended the brothers breached the trusts by not supporting her selection as a director.

“Without the relief requested … there would be nothing to prevent Jim and Johnny from taking the exact same actions in the future,” the filing said.

In a declaratio­n, Jeanie Buss said Jim Buss was “completely unfit” for his previous job as executive vice president of basketball operations for the Lakers and she expressed concern for the franchise’s future if the brothers took control.

A probate court trial in the matter is scheduled for May 15.

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