How Much of the Lakers Do the Buss Family Own?

Hello, sports enthusiasts! Today, we're diving deep into the world of the Los Angeles Lakers, one of the most iconic basketball teams in the NBA. We're going to talk about the Buss family, their history with the Lakers, and the all-important question: how much of the Lakers do they own? Guys, explore more in Guides And Explainers and how much of the lakers does the buss family own.

The Buss Family: A Lakers Dynasty

Let's kick things off by talking about the Buss family, the powerhouse behind the Lakers' throne. The family's patriarch, Dr. Jerry Buss, was a real estate entrepreneur who bought the Lakers in 1979. He was a visionary who transformed the Lakers into a global brand and turned the Staples Center into a basketball mecca.

After Dr. Buss' passing in 2013, his six children took over the family business. The most prominent among them are Jeanie Buss, the current governor of the Lakers, and Jim Buss, the former executive vice president of basketball operations. But how much of the team do they actually own?

The Buss Family's Stake in the Lakers

The Buss family's ownership of the Lakers is a complex matter, with the family members owning different percentages of the team. Here's a breakdown:

- Jeanie Buss is the majority owner, holding a 66% stake in the Lakers. She's been at the helm since 2017 and has been instrumental in maintaining the Lakers' legacy.

- Jim Buss, on the other hand, owns a 13% stake in the team. He stepped down from his executive role in 2019 but remains a significant shareholder.

The remaining shares are owned by the other Buss children and are relatively small compared to Jeanie and Jim's stakes. But remember, folks, even a small stake in the Lakers is a big deal!

The Lakers' Value: A Buss Family Fortune

The Buss family's ownership of the Lakers has turned into a goldmine. According to Forbes, the Lakers are currently the most valuable NBA team, worth a staggering $5.55 billion as of 2021. That's right, guys, the Lakers are worth more than some small countries!

The Buss family's stake in the Lakers has made them incredibly wealthy. Jeanie Buss' net worth is estimated to be around $600 million, while Jim Buss' net worth is around $400 million. Not bad for a couple of basketball enthusiasts, huh?

The Buss Family's Impact on the Lakers

The Buss family's ownership has had a profound impact on the Lakers. They've transformed the team into a global powerhouse, signing international players like Magic Johnson, Kareem Abdul-Jabbar, and LeBron James. The Buss family has also been instrumental in maintaining the Lakers' winning culture, with the team boasting a record 17 NBA championships.

But it's not all sunshine and roses, folks. The Buss family has also faced criticism for their handling of the team. Jim Buss' tenure as the team's basketball operations chief was marked by several questionable decisions, leading to some lean years for the Lakers.

The Future of the Lakers: The Buss Family's Legacy

With Jeanie Buss at the helm, the Lakers seem to be back on track. The team has returned to its winning ways, with LeBron James and Anthony Davis leading the charge. But the question remains: what will happen to the Lakers when the Buss family's ownership eventually comes to an end?

Jeanie Buss has hinted that she might sell her stake in the Lakers someday. But don't worry, guys, she's not going anywhere soon. Until then, the Lakers remain firmly in the hands of the Buss family, and their legacy continues to shape the team's future.

Conclusion: The Buss Family's Unwavering Love for the Lakers

So, there you have it, folks. The Buss family owns a significant chunk of the Los Angeles Lakers, and their love for the team is unwavering. From Dr. Jerry Buss' initial purchase of the team to Jeanie Buss' current stewardship, the Buss family has left an indelible mark on the Lakers' history.

Whether you're a die-hard Lakers fan or just a casual observer, there's no denying the Buss family's impact on the team. They've turned the Lakers into a global brand, signed some of the game's greatest players, and maintained the team's winning culture. And as long as the Buss family is at the helm, the Lakers' future looks bright indeed.

That's all for today, folks. Stay tuned for more sports talk, and remember: once a Laker, always a Laker!