Who owns the La Lakers now?

Who owns the La Lakers now?

The Los Angeles Lakers, a franchise steeped in history and success, is currently owned by the Buss family, with Jeanie Buss serving as the controlling owner. This ownership structure has been pivotal in maintaining the team’s legacy and competitive spirit, especially as they navigate the ever-evolving landscape of the NBA.

A Legacy of Leadership

Jeanie Buss took over the reins of the Lakers in 2017 after the passing of her father, Dr. Jerry Buss, who had transformed the franchise into a global powerhouse during his ownership. Under her leadership, the Lakers have continued to honour the family’s legacy while also adapting to modern challenges. Jeanie’s vision has been instrumental in fostering a culture of excellence within the organization, emphasizing both on-court success and community engagement.

The Buss Family Trust

The Lakers are primarily owned through the Buss Family Trust, which holds a majority stake in the team. This trust structure ensures that the family’s influence remains central to the franchise’s operations, allowing them to make decisions that align with their long-term vision for the team. The Buss family’s commitment to winning has been unwavering, as evidenced by their willingness to invest in top talent and coaching staff.

Minority Owners

While Jeanie Buss and her family hold the majority stake, there are also notable minority owners involved with the Lakers. These include Philip Anschutz, a billionaire businessman known for his extensive investments in sports and entertainment; Edward P. Roski Jr., a prominent real estate developer; and Patrick Soon-Shiong, a billionaire surgeon and entrepreneur. Their involvement brings additional resources and expertise to the organization, enhancing its ability to compete at the highest level.

The Future of Lakers Ownership

As discussions about NBA team ownership evolve, there have been whispers about star player LeBron James potentially entering ownership ranks once he retires. While currently focused on his playing career, James has expressed interest in owning an NBA team, which could add an intriguing dynamic to the Lakers’ future if he were to pursue an ownership stake.

Conclusion

The ownership of the Los Angeles Lakers is not just about financial investment; it represents a commitment to maintaining a legacy of excellence that has defined the franchise for decades. With Jeanie Buss at the helm and a strong support system from minority owners, the Lakers continue to be a beacon of success in professional sports. As they strive for more championships and further their storied history, fans can rest assured that this iconic franchise is in capable hands—hands that understand both tradition and innovation in the pursuit of greatness.

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