The six brothers and sisters, with a gap of 31 years from eldest to youngest, gathered in the winter near the first anniversary of their father's death to discuss some problems about the family business. It's also the city's treasured sports team — the Lakers.

The team was nose-diving in the standings, losing the interest of fans, and grinding toward its worst season since the team moved to Los Angeles in 1960.

So Jeanie Buss posed an elementary question to her siblings: What was going on with the Lakers?

Her older brother Jim Buss, 54, in charge of the Lakers' basketball operations, spoke up in the boardroom of the team's El Segundo training facility and pledged to resign in a few years if the suddenly dark fortunes of the franchise weren't reversed.

"I was laying myself on the line by saying, if this doesn't work in three to four years, if we're not back on the top — and the definition of top means contending for the Western Conference, contending for a championship — then I will step down because that means I have failed," he told The Times about the meeting. "I don't know if you can fire yourself if you own the team … but what I would say is I'd walk away and you guys figure out who's going to run basketball operations because I obviously couldn't do the job.

"There's no question in my mind we will accomplish success. I'm not worried about putting myself on the line."

It was an emotional meeting, and the siblings — including Johnny, Janie, Joey and Jesse — agreed that Jim deserved more time on the job.

Their father, Jerry Buss, died in February 2013. He left his six children — each with an equal vote — in charge of a family trust, with a 66% ownership stake in the team. But the results of their first season as co-owners weren't close to championship caliber.

"We're watching a very unfortunate thing happen to a beloved team right now," former Lakers coach Phil Jackson told The Times before taking the job last month as president of the New York Knicks. "Everybody is kind of aghast at it and people that are the best customers that any franchise can possibly hope for are dissatisfied, and rightly so."

Many family businesses struggle after a patriarch dies. But four of the six Buss children remain active in the Lakers' operations and the family isn't facing a financial crisis. Their dad left them a franchise valued at more than $1 billion and another great gift — a 25-year, $5-billion broadcast deal with Time Warner Cable. And they seem committed to keeping the Lakers in the family.

"We're not selling the team. It's not what we were raised to do," Jim said. "My dad groomed us for basically 20 years to do what we're doing."

But like many extended families, there are disputes and nuances within the relationships of the Buss clan.

One of the most complicated involves Jackson, who coached the Lakers to five championships, and is the fiance of Jeanie Buss, 52. Her father selected her to be the team governor, the franchise's highest position, and she was placed in charge of the team's business operations.