Who owns the LA Lakers?
A collection of business moguls jointly owns the Los Angeles Lakers, with ownership interests split among several people and trusts.
Buss Family Trusts
Legendary former Lakers owner Jerry Buss was still a 66% controlling shareholder when he passed away in 2014. Jerry divided the team ownership equally among his six children at the time of his passing (11% each). Currently, his daughter Jeanie serves as the team governor and attends NBA board meetings on his behalf.
Philip Anschutz was one of the team’s key backers, despite no longer having an investment in it. In addition to energy, railroads, real estate, sports, newspapers, movies, theaters, arenas, and music, the billionaire owns or controls businesses in various industries. It was revealed in July 2021 that AEG, the world’s most prominent sports ownership firm, had acquired Anschutz’s 27% ownership stake in the business. Todd Boehly, owner of Chelsea Football Club, and Dodgers executive Mark Walter received minority ownership.
Edward P. Roski
Roski is the president and chairman of the board of Majestic Realty Co., in addition to being a co-owner of the Lakers. He was ranked #115 on the Forbes 400 in 2021 and had real estate holdings totaling more than 83 million square feet in the United States.
Patrick Soon-Shiong is well-known for much more than just being a billionaire and owning a number of well-known companies, including the Lakers. He is also a highly regarded transplant surgeon and the creator of the medicine Abraxane, which rose to prominence for treating pancreatic, breast, and lung cancer. In addition to owning the Los Angeles Times, he acquired a 4.5% share in the basketball franchise from NBA great Magic Johnson.
Who is Jeanie Buss, president of the LA Lakers?
Jeanie Buss is the daughter of the previous owner Jerry Buss. Following her father’s passing in 2014, she was elected to represent the Lakers on the NBA board of governors. Despite numerous losses since she assumed leadership, including only one NBA Championship victory in 2020, Jeanie is undoubtedly the organization’s top dog.
LA Lakers General Manager
Rob Pelinka is the General Manager and VP of Basketball Operations for the Los Angeles Lakers. He became the General Manager in 2017 and was promoted to his current position in 2020. Before joining the Lakers, Pelinka had a successful career as a sports agent, representing several top NBA players. He earned a B.B.A. from the University of Michigan’s Ross School of Business and a J.D. from the University of Michigan Law School. Pelinka’s diverse background and strategic decision-making have played a crucial role in the Lakers’ sustained success.
LA Lakers Stadium
The Staples Center, now known as Crypto.com Arena, has been the iconic Los Angeles Lakers home since 1999. The Lakers have celebrated six and eight Western Conference championships during their 23 seasons at the venue. The arena underwent a name change in 2021, becoming Crypto.com Arena in a record-breaking $700 million deal. Despite recent challenges, the Lakers and their fans are determined to restore success to one of the NBA’s most storied franchises within their beloved home stadium.
LA Lakers Annual Salary
The LA Lakers are projected to have an annual salary of $136,424,186 for the 2023-2024 season. This figure includes the salaries of their top players, with LeBron James earning $47,600,000 and Anthony Davis making $40,600,080. The team also has notable contracts with players like Malik Beasley ($16,524,106), Mohamed Bamba ($10,300,000), and Russell Westbrook ($47,063,400). With their total salary exceeding the upcoming season’s salary cap, the Lakers will be hard-capped, meaning they can stay within the cap even if they make trades or sign free agents.
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