The Los Angeles Lakers are first and foremost owned and operated by the Buss Family Trust, which is what puts Jeanie Buss at the helm of all major decisions made within the franchise. However, the Buss family does not own 100% of the team. They own 66%, with the second-largest stake belonging to Philip Anschultz, who is a billionaire and the founder of AEG.
Recently, Anschultz had been looking to sell his 27% stake. His reasons are unknown, but it could simply be a financial decision with the franchise reaching its all-time high in value. The Lakers were valued at $4.