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DocK36
Franchise Player
Joined: 19 Apr 2001
Posts: 19460
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 Posted: Thu Jun 20, 2024 8:06 pm Post subject: |
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| dont_be_a_wuss wrote: | | SGV-Laker fan wrote: | | I just don’t think Jeannie Buss has the smart and ambition to battle with Jimmy for control of the team. She had to have someone like Phil Jackson showed her the way behind the scene. |
They both hired great lawyers. The trust was simply in her favor. Siblings fighting over the trust agreement is almost a guarantee on trusts this large. Trust attorneys write them in a way that makes it nearly impossible for the beneficiaries to challenge them without forfeiting their interest.
| Quote: | | Jim, Johnny and Jeanie were the three trustees of the trust. The brothers had planned to hold a meeting to elect a new board of directors for the Lakers that didn’t include Jeanie. Not being a director would have meant Jeanie can’t be the controlling owner of the Lakers, which would have violated the trust’s mandate that all trustees “take all steps reasonably necessary to ensure the appointment of [Jeanie] as controlling owner.” That led Jeanie to file a temporary restraining order against her brothers to prevent them from holding that meeting. |
| Quote: | 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.
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. |
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Instead of the Greens and the Blacks, this is like the Purple and Gold version of The House of the Dragon 
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dont_be_a_wuss
Franchise Player
Joined: 29 Mar 2012
Posts: 21919
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| Posted: Thu Jun 20, 2024 8:12 pm Post subject: |
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| DocK36 wrote: | | dont_be_a_wuss wrote: | | SGV-Laker fan wrote: | | I just don’t think Jeannie Buss has the smart and ambition to battle with Jimmy for control of the team. She had to have someone like Phil Jackson showed her the way behind the scene. |
They both hired great lawyers. The trust was simply in her favor. Siblings fighting over the trust agreement is almost a guarantee on trusts this large. Trust attorneys write them in a way that makes it nearly impossible for the beneficiaries to challenge them without forfeiting their interest.
| Quote: | | Jim, Johnny and Jeanie were the three trustees of the trust. The brothers had planned to hold a meeting to elect a new board of directors for the Lakers that didn’t include Jeanie. Not being a director would have meant Jeanie can’t be the controlling owner of the Lakers, which would have violated the trust’s mandate that all trustees “take all steps reasonably necessary to ensure the appointment of [Jeanie] as controlling owner.” That led Jeanie to file a temporary restraining order against her brothers to prevent them from holding that meeting. |
| Quote: | 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.
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. |
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Instead of the Greens and the Blacks, this is like the Purple and Gold version of The House of the Dragon |
Haha, I need to catch up on Season 1.
And as far as Jeanie not having the smarts to battle Jimmy, Jimmy is a long haired drug addict who dropped out of USC. Jeanie actually got her degree. Jim is not a sharp knife.
And as an aside, when I was in Organic Chemistry 201 at USC, the professor put up some research about carbon bonds, perhaps alkenes, I don't recall exactly, and asked if we recognized the name of the publisher. It was Jerry Buss. That was a smart man. I think he was smart enough to draft a trust that is not flimsy and is hard to break.
Edit: I found his paper: “The Thermodynamics of Bromination of Toluene and the Heat of Formation of the Benzyl Radical”. |
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SoCal88
Star Player
Joined: 11 Apr 2001
Posts: 7533
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| Posted: Fri Jun 21, 2024 9:06 am Post subject: |
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Los Angeles Lakers owner Jeanie Buss was “genuinely disappointed” that the franchise was unable to land UConn Huskies head coach Dan Hurley as its next head coach, according to a report from The Athletic.
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socalsp3
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Joined: 07 Jul 2016
Posts: 3548
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| Posted: Fri Jun 21, 2024 11:36 am Post subject: |
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| SoCal88 wrote: | | Los Angeles Lakers owner Jeanie Buss was “genuinely disappointed” that the franchise was unable to land UConn Huskies head coach Dan Hurley as its next head coach, according to a report from The Athletic. |
her offer was crap what was she expecting |
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JerryWest_44
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Joined: 22 May 2004
Posts: 25680
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| Posted: Fri Jun 21, 2024 11:41 am Post subject: |
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| socalsp3 wrote: | | SoCal88 wrote: | | Los Angeles Lakers owner Jeanie Buss was “genuinely disappointed” that the franchise was unable to land UConn Huskies head coach Dan Hurley as its next head coach, according to a report from The Athletic. |
her offer was crap what was she expecting |
If DH didn't want to accept a good offer for one who never coached or had experience in the NBA for one of the most prestigious/storied professional sports franchises then F-em.
We want someone who at least wants to be here .... |
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socalsp3
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Joined: 07 Jul 2016
Posts: 3548
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| Posted: Fri Jun 21, 2024 12:20 pm Post subject: |
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| JerryWest_44 wrote: | | socalsp3 wrote: | | SoCal88 wrote: | | Los Angeles Lakers owner Jeanie Buss was “genuinely disappointed” that the franchise was unable to land UConn Huskies head coach Dan Hurley as its next head coach, according to a report from The Athletic. |
her offer was crap what was she expecting |
If DH didn't want to accept a good offer for one who never coached or had experience in the NBA for one of the most prestigious/storied professional sports franchises then F-em.
We want someone who at least wants to be here .... |
i don't know how an offer can be good if it's a paycut for more responsibility. people who "want to be here" have been fired every 2 years here |
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KOBE WAN
Starting Rotation
Joined: 20 May 2012
Posts: 520
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| Posted: Fri Jun 21, 2024 8:54 pm Post subject: |
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| socalsp3 wrote: | | JerryWest_44 wrote: | | socalsp3 wrote: | | SoCal88 wrote: | | Los Angeles Lakers owner Jeanie Buss was “genuinely disappointed” that the franchise was unable to land UConn Huskies head coach Dan Hurley as its next head coach, according to a report from The Athletic. |
her offer was crap what was she expecting |
If DH didn't want to accept a good offer for one who never coached or had experience in the NBA for one of the most prestigious/storied professional sports franchises then F-em.
We want someone who at least wants to be here .... |
i don't know how an offer can be good if it's a paycut for more responsibility. people who "want to be here" have been fired every 2 years here |
It wasn’t a pay cut for him. He was getting more money |
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Halflife
Franchise Player
Joined: 15 Aug 2015
Posts: 17735
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| Posted: Fri Jun 21, 2024 9:05 pm Post subject: |
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| SoCal88 wrote: | | Los Angeles Lakers owner Jeanie Buss was “genuinely disappointed” that the franchise was unable to land UConn Huskies head coach Dan Hurley as its next head coach, according to a report from The Athletic. |
He was never coming. JJ will be better.
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Snipes
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Joined: 28 Feb 2005
Posts: 6270
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| Posted: Thu Jun 27, 2024 2:48 pm Post subject: |
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| Bumpity Bump! |
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SGV-Laker fan
Star Player
Joined: 23 May 2013
Posts: 9367
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| Posted: Thu Jun 27, 2024 3:00 pm Post subject: |
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| Lakers as an entertainment company > Lakers as a winning franchise. this is how Jeannie Buss thinks. |
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lakersken80
Retired Number
Joined: 12 Aug 2009
Posts: 39027
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| Posted: Thu Jun 27, 2024 3:01 pm Post subject: |
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| SGV-Laker fan wrote: | | Lakers as an entertainment company > Lakers as a winning franchise. this is how Jeannie Buss thinks. |
Well she did come from the business side of the organization.... |
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Snipes
Star Player
Joined: 28 Feb 2005
Posts: 6270
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| Posted: Thu Jun 27, 2024 3:07 pm Post subject: |
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| lakersken80 wrote: | | SGV-Laker fan wrote: | | Lakers as an entertainment company > Lakers as a winning franchise. this is how Jeannie Buss thinks. |
Well she did come from the business side of the organization.... |
Yeah to be fair this is what she was known for and excelled at. Just funny because now that’s all it is now. A business. |
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acer77
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Joined: 16 Jun 2017
Posts: 1050
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| Posted: Thu Jun 27, 2024 3:18 pm Post subject: |
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Still the only mistake Jeanie made was marrying Jay "Show me the money" Mohr.
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youcantguardme
Star Player
Joined: 10 Jan 2011
Posts: 1122
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| Posted: Thu Jun 27, 2024 7:17 pm Post subject: |
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This is just stupid. There is nothing wrong with Jeanie. The Lakers are a legit team and if they had been healthy might have made it to the Conference finals again. This year's team was banged up but was better than last year's team. They won the in season tournament. They dumped a terrible coach. They drafted a promising rookie. Just stop it.
While I'm at it, there is also nothing wrong with Rob. In the past two years, he has made deals to improve the team and has increased the number of team assets. He has refrained from making stupid in season trades.
The Lakers are much better off than most every franchise. Yeah, LeBron is aging out and AD is not far behind. They do need a young star, but look how long the Celtics had to suck before they got a ring. The Lakers are 4 years away from a ring and they haven't truly sucked since then. |
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