How Much Did Jerry Buss Pay For the Lakers? Who Owns The Lakers Now?

In 1979, Jerry Buss made a smart move by snagging the Los Angeles Lakers, LA Kings, the Forum arena, and a ranch for $67.5 million.

Although it sounds like a hefty price tag, it was a bundle deal. Adjusting for inflation, that’s around $270 million today. Buss’ investment paid off big time as the Lakers soared to victory, clinching numerous championships during his ownership.

This tale serves as a reminder that strategic investments can yield substantial returns over time. Buss’ foresight in securing these assets laid the foundation for the Lakers’ triumphant legacy in the world of sports.

Who Owns The Lakers Now?

The Los Angeles Lakers, one of basketball’s iconic teams, are under the ownership of the Buss Family Trust, with Jeanie Buss as the leading figure.

Since 2013, Jeanie has steered the team as the controlling owner and president, following the passing of her father, Jerry Buss, who prepared her extensively for the role.

The trust holds a majority stake of 66%, with Jeanie’s five siblings each owning an equal 11% share.

This familial ownership ensures a continuation of the Lakers’ rich legacy, particularly the renowned “Showtime” era, as the team remains firmly in the hands of those who cherish its heritage.