End of an Era: Buss Family's Legendary Influence on the Lakers
The Buss family, after nearly 50 years, is stepping down as majority owners of the Los Angeles Lakers. Their reign began with Jerry Buss transforming the team into a sporting and cultural spectacle, culminating in a $10 billion sale. Jeanie Buss will continue as team governor post-sale.
The Buss family, synonymous with the Los Angeles Lakers, is stepping down as majority owners, ending a nearly 50-year reign marked by sporting excellence and Hollywood glamour.
Jerry Buss purchased the Lakers in 1979, transforming the team into a basketball and cultural powerhouse. By drafting Magic Johnson and hiring Pat Riley, Buss initiated a dynasty that claimed five titles in the '80s while turning games into must-see events with celebrity courtside appearances. The 'Showtime' era left a lasting legacy.
His daughter, Jeanie Buss, became the team's principal owner after his passing in 2013, steering the Lakers through challenging times and achieving renewed success with the 2020 NBA title. Jeanie recently announced the sale of a majority stake for $10 billion, securing a new chapter for the iconic franchise while remaining as team governor.
(With inputs from agencies.)
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