Who Owns The Los Angeles Lakers?
So, who owns the Los Angeles Lakers? As of the 2022-2023 season, Jeanie Buss is the controlling owner of the Los Angeles Lakers. She is the daughter of Jerry Buss, who purchased the team in 1979 for $20 million dollars. Upon his death in 2013, Jeanie assumed control of the franchise. While Buss is the Lakers’ majority owner, he has some minority partners. These include investment firms Guggenheim Partners and Capital Research & Management Company. Together, these minority owners own approximately 24% of the team.
The Buss family has been hugely successful as owners of the franchise, as the Lakers have won 10 NBA championships during their tenure. They are known for attracting big-name stars in free agency and being must-watch or “showtime.” The most recent example is the signing of LeBron James and the acquisition of Anthony Davis.
According to Forbes, as of the 2022-2023 season, the Los Angeles Lakers are worth $5.9 billion dollars. This makes them the third most valuable National Basketball Association (NBA) franchise.
About The Los Angeles Lakers Franchise
The Los Angeles Lakers are an American professional basketball team based in Los Angeles, California. The Lakers compete in the National Basketball Association (NBA) as a member of the league’s Western Conference in the Pacific Division. The Lakers began play in 1947 as the Minneapolis Lakers, one of three professional basketball teams in Minnesota at the time. The franchise relocated to Los Angeles before the 1960–61 season and became known thereafter as simply the Lakers. They played their home games at The Forum for 33 years until relocating to Staples Center prior to the 1999–2000 season.
The franchise won 17 NBA championships, the last being in 2020. As of 2023, the Lakers hold the record for having made the most appearances in the NBA Finals with 30 and are tied with the Boston Celtics in terms of overall NBA championships with 17. The team’s home arena is the Crypto.com arena (formerly the Staples Center)
The Lakers have also produced some of the greatest players in basketball history, such as Magic Johnson, Kobe Bryant, Shaquille O’Neal, and most recently, Lebron James.