Magic Johnson and Lakers Ownership
Magic Johnson, the Hall of Fame point guard, became a part owner of the Los Angeles Lakers in the early 1980s. He later led a group that purchased a controlling stake in the team in 1998, making him the controlling owner and chairman of Lakers ownership Lakers operations for several years.
Ownership Timeline and Business Moves
In 1998, Johnson and his partners bought the Lakers from Jerry Buss's family trust. During his tenure, he focused on business development, arena upgrades, and brand partnerships. He stepped back from the controlling ownership role in 2017, though he retained a minority interest and remained involved in select business decisions.
Legacy and Current Ownership Structure
Today, the Lakers are primarily owned by the Buss family trust, with Jeanie Buss serving as controlling owner. Magic Johnson ownership Lakers is remembered for bringing business visibility, celebrity partnerships, and community investment to the franchise. His influence helped shape the modern Lakers brand and business model.
For more details on the Lakers ownership history, visit NBA.com Lakers History.
