Forty years ago, Jerry Buss purchased the Los Angeles Lakers, along with the Los Angeles Kings and The Forum, for $67.5 million. Forty years later, the Buss family still owns the Lakers, who as of 2018 are valued at $3.3 billion.
They could always cash out on their profits and walk away from the basketball business completely, but controlling owner Jeanie Buss told Zach Lowe of ESPN on “The Lowe Post” that her family has no interest in selling the team.
“There’s no reason for us to ever sell the Lakers.