The franchise value of the Los Angeles Lakers has risen more than tenfold since 2003. According to latest estimates, the team was valued at 5.9 billion U.S. dollars, making it the third most valuable franchise in the National Basketball Association.
Lakers history
The Los Angeles Lakers are a professional basketball franchise of the National Basketball Association (NBA) that is part of the league’s Western Conference. The team was started in 1947 and originally located in Minneapolis, Minnesota. Prior to the 1960/61 season, the franchise was moved to Los Angeles. Today, the Lakers play their home games at the Crypto.com Arena, which is located in Downtown Los Angeles and has a capacity of about 20 thousand for basketball games. In the 2022/23 season, the average per game attendance of the Los Angeles Lakers was over 18 thousand. In that season, the franchise reported gate receipts of nearly 100 million U.S. dollars, while the team's player expenses amounted to 177 million U.S. dollars.
Lakers legends
The Lakers are one of the most successful franchises of the National Basketball Association with a total of 17 championships under their belt. Their 2020 championship title tied them level with the Boston Celtics for the highest number of NBA championships won by franchise. Some of the best players ever to have played in the NBA, such as Jerry West, Earvin ‘Magic’ Johnson, Wilt Chamberlain, Kareem Abdul-Jabbar, Shaquille O’Neal and Kobe Bryant played for the Los Angeles Lakers franchise during their careers. Current NBA superstar LeBron James has also played at the Lakers since he opted out of his contract with the Cleveland Cavaliers in 2018. The Lakers' championship win in 2020 was in part thanks to James' imperious form, which earned him the NBA Finals MVP award for the fourth time in his career.
