The franchise value of the Los Angeles Lakers has risen tenfold since 2003. According to latest estimates, the team was valued at 5.5 billion U.S. dollars, making it the third most valuable franchise in the National Basketball Association.
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 2020/21 season, the Los Angeles Lakers had an average per game attendance of zero due to the coronavirus (COVID-19) pandemic. In that season, the franchise reported gate receipts of only 10 million U.S. dollars, while the team's player expenses amounted to 123 million U.S. dollars.
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.
Los Angeles Lakers franchise value from 2003 to 2021
(in million U.S. dollars)
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Forbes. (October 18, 2021). Los Angeles Lakers franchise value from 2003 to 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 30, 2022, from https://www.statista.com/statistics/194658/franchise-value-of-the-los-angeles-lakers/
Forbes. "Los Angeles Lakers franchise value from 2003 to 2021 (in million U.S. dollars)." Chart. October 18, 2021. Statista. Accessed November 30, 2022. https://www.statista.com/statistics/194658/franchise-value-of-the-los-angeles-lakers/
Forbes. (2021). Los Angeles Lakers franchise value from 2003 to 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 30, 2022. https://www.statista.com/statistics/194658/franchise-value-of-the-los-angeles-lakers/
Forbes. "Los Angeles Lakers Franchise Value from 2003 to 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 18 Oct 2021, https://www.statista.com/statistics/194658/franchise-value-of-the-los-angeles-lakers/
Forbes, Los Angeles Lakers franchise value from 2003 to 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/194658/franchise-value-of-the-los-angeles-lakers/ (last visited November 30, 2022)