Does Magic Johnson Own the Lakers

Does Magic Johnson Own the Lakers

Magic Johnson does not own the Los Angeles Lakers. The team is controlled by the Buss family trust, with Jeanie Buss serving as controlling owner and controlling owner of the Lakers. Magic Johnson, whose full name is Earvin "Magic" Johnson, is a former Lakers player and Hall of Famer, but he has no current ownership role in the franchise. His most recent involvement with the team was as part of a group that explored purchasing the Lakers years ago, but that bid did not result in ownership. Forbes regularly tracks NBA ownership structures and confirms the Buss family's control of the Lakers.

The Lakers are currently valued at over $6 billion, making them one of the most valuable franchises in the NBA. The Buss family trust, which includes Jeanie Buss and her siblings, holds the controlling interest. Jeanie Buss was named controlling owner in 2017 after the passing of her father, Jerry Buss. The trust structure ensures the family maintains long-term control. Any future sale or change in ownership would require approval from the NBA Board of Governors. NBA.com provides official franchise valuations and ownership updates.

Magic Johnson's Business and Sports Investments

Magic Johnson has built a large business empire through Magic Johnson Enterprises. His investments span real estate, media, restaurants, and sports franchises. He co-founded a private equity firm focused on urban investment and has stakes in companies across multiple sectors. His sports investments include partial ownership of the Los Angeles Dodgers and the Washington Commanders, but not the Lakers. Forbes profiles his investment portfolio and net worth regularly.

Johnson's sports portfolio focuses on teams where he can influence community impact and growth. He was part of a group that bid on the Los Angeles Clippers before Steve Ballmer purchased the team. He has also explored ownership opportunities in other leagues and cities. His current sports holdings do not include any NBA team in Los Angeles. SEC filings related to his investment vehicles show his active portfolio in sports and entertainment.

Lakers Ownership Structure and NBA Rules

The Lakers operate under a trust structure managed by the Buss family. Jeanie Buss serves as the controlling owner, with the authority to make final decisions on team operations. The NBA requires franchise sales to be approved by a majority vote of the Board of Governors. Any change in the Lakers' ownership would involve a complex transaction with league oversight. NBA.com details the league's ownership rules and approval process.

The current Lakers front office, led by Jeanie Buss and general manager Rob Pelinka, operates independently of Magic Johnson. The team's valuation and revenue continue to grow, driven by media deals and brand strength. The Lakers remain one of the most valuable and recognizable franchises in global sports. Forbes ranks the Lakers among the top NBA franchises by revenue and brand value.