In the illustrious history of the Los Angeles Lakers, Jerry Buss is often celebrated for transforming the team into a basketball powerhouse. However, before Buss took the reins in 1979, the Lakers were under the ownership of Canadian businessman Jack Kent Cooke.
Cooke, a media tycoon, entered the sports arena by acquiring the Lakers in 1965. During his 14-year ownership, Cooke left an indelible mark on the franchise, making significant moves like bringing in NBA legends Wilt Chamberlain and Jerry West. Despite reaching the NBA Finals seven times, the Lakers secured only one championship under Cooke’s ownership, clinching the title in 1972.
In addition to his basketball ventures, Cooke was a multi-sport owner. He had success in the NFL, winning three Super Bowls as the owner of the Washington Redskins (now Washington Commanders). Cooke also had ownership stakes in the NHL’s Los Angeles Kings and the soccer team Los Angeles Wolves.
Buss’s Bold Move: A Game-Changing Acquisition Reshapes the Lakers’ Destiny
Jerry Buss, fueled by ambition, entered the scene in 1979 when he acquired the Lakers from Cooke for a then-record $67.5 million. This monumental deal included not only the Lakers but also the Los Angeles Kings, The Forum, and a vast 13,000-acre ranch in the Sierra Nevada. Little did anyone know that this transaction would set the stage for the Lakers’ dominance in the 1980s and beyond.
Buss’s tenure as owner brought unparalleled success, with the Lakers winning 10 championships in the 34 years under his leadership. Despite tempting offers, such as a staggering $1 billion bid in the early 2000s, Buss remained steadfast in his commitment to the Lakers. His refusal stemmed from a profound connection to the team, epitomizing his dedication to its legacy.
Today, Jerry Buss’s daughter, Jeanie, carries the torch, determined to continue the Lakers’ winning tradition. As the Lakers chase their 18th NBA championship, the foundation laid by Jack Kent Cooke and further fortified by Jerry Buss remains an integral part of the team’s storied history.
