This graph depicts the value of the Los Angeles Lakers franchise of the National Basketball Association from 2003 to 2013. In 2006, the franchise had an estimated value of 529 million U.S. dollars.
Los Angeles Lakers
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 Staples Center, which is located on Downtown Los Angeles and has a capacity of about 19 thousand for basketball games.
In the 2012/13 season the Los Angeles Lakers sold out every home game; averaging 18,997 spectators per contest with a total attendance of about 779 thousand. Tickets to Lakers home games cost 100.25 U.S. dollars in 2012/13 according to Team Marketing Report’s Fan Cost Index. The overall league-wide average ticket price was at 51 U.S. dollars.
Forbes ascribes the franchise a total value of one billion U.S. dollars in 2013, an increase in value of 11 percent compared to the previous year. The Los Angeles Lakers are one of only two franchises that are valued at one billion U.S. dollars or more, the other being the New York Knicks. On average, NBA teams had a value of 509 million U.S. dollars in 2013 according to Forbes. The revenue of the Los Angeles Lakers was at 197 million U.S. dollars in the 2011/12 season.
The Lakers are one of the most successful franchises of the National Basketball Association with a total of 16 championships under their belt. Only the Boston Celtics have won more titles with a total of 17. Some of the best players ever, such as Jerry West, Earvin ‘Magic’ Johnson, Wilt Chamberlain, Kareem Abdul-Jabbar and Shaquille O’Neal have played for the Los Angeles Lakers franchise.