Who Owns The LA Lakers?

On February 18, 2013, Lakers owner Jerry Buss died from cancer at age 80.

Is Magic Johnson part owner of the Los Angeles Lakers?

Johnson sold his ownership stake in the Lakers in October 2010 to Patrick Soon-Shiong, a Los Angeles surgeon and professor at UCLA, but continued as an unpaid vice president for the team. In February 2017, Johnson returned to the Lakers as an advisor to Jeanie Buss.

Who owns the LA Lakers 2018?

Lakers Owners, GMs, and Coaches

YEAROWNERGENERAL MANAGER
2017-2018Buss Family TrustRob Pelinka
2016-2017Buss Family TrustMitch Kupchak/Rob Pelinka
2015-2016Buss Family TrustMitch Kupchak
2014-2015Buss Family TrustMitch Kupchak

67 more rows

How much of the Lakers does the Buss family own?

Buss’ 66% controlling ownership of the Lakers passed to his six children via a trust, with each child receiving an equal vote (11% for each child).

Who is the GM of the Lakers?

Rob Pelinka

Who is the richest NBA owner?

These Are the 10 Richest American Sports Team Owners — and How They Made Their Billions

  • Philip Anschutz — $11.2B Net Worth.
  • Stephen Ross — $10.3B Net Worth.
  • Stanley Kroenke — $7.8B Net Worth.
  • Daniel Gilbert — $7.4B Net Worth.
  • Marian Ilitch — $6.5B Net Worth.
  • Richard DeVos — $6.2B Net Worth.
  • Charles Dolan — $5.5B Net Worth.

Does Magic Johnson still own Starbucks?

Magic Johnson Enterprises. In October 2010, Johnson sold his interest in 105 Starbucks franchises back to the company. Around the same time he sold his 4.5% interest in the Los Angeles Lakers for an estimated $27 million. Johnson owned a nearly 5% share of the Lakers, until its sale to Patrick Soon-Shiong in 2010.

How did Jerry Buss get rich?

After only 20 years in the real estate business, Dr. Buss was able to sell all of his assets in 1979 to buy the Los Angeles Lakers, as well as the NHL’s LA Kings and the Los Angeles Forum for a cool 68 million dollars. At the time of his death, his estimated net worth surpassed 1 billion dollars.

Does Jerry West own the Lakers?

After his coaching stint, he worked as a scout for three years before becoming general manager of the Lakers prior to the 1982–83 season. NBA.com credits West in creating the great 1980s Lakers dynasty, which brought five championship rings (1980, 1982, 1985, 1987 and 1988) to Los Angeles.

Why did Magic Johnson step down?

Magic Johnson steps down as president of basketball operations for the Los Angeles Lakers. Unexpectedly, Magic Johnson has stepped down as president of basketball operations for the Los Angeles Lakers. Johnson told reporters he made the decision because of his relationship with Lakers owner Jeanie Buss.