Feb 18, 2013, 11:14 AM EDT
Lakers owner Jerry Buss has passed away at age 80 after a battle with cancer, NBC News has confirmed. It is a story first broken by Mike Bresnahan of the Los Angeles Times.
Lakers spokesman Bob Steiner confirmed Jerry Buss was 80. His date of birth was Jan. 27, 1933.
It was just a few days ago that news broke of the severity of Buss’ condition.
Buss had been hospitalized for some time with an undisclosed form of cancer, but the news was kept private until recently, when players were reported to be visiting him because it was expected that he was in his final days.
Buss is widely recognized as the most successful franchise owner in NBA history, having purchased the Lakers (along with the Forum and the Kings of the NHL) for $67.5 million back in 1979. Buss later sold the Kings in 1988.
Forbes magazine recently valued the Lakers at more than $1 billion.
The Lakers won 10 NBA championships under Buss’ ownership, and his family remains in control of both the basketball and the business side of the team to this day.
Jim Buss is executive vice president of player personnel, and Jeannie Buss is the team’s executive vice president of business operations. The team will remain majority owned by the Buss family through a complex trust where each of Buss’ six children have a stake.
- Report: Greg Oden’s drinking an issue during season, alleged domestic assault 11
- Kevin Durant calls Allen Iverson “pound for pound” best ever 22
- PBT Extra: What players looked good at World Cup? 4
- Time for FIBA/NBA to adopt soccer model: Only one major tournament every four years 16
- ProBasketballTalk 2014-15 Preview: Brooklyn Nets 3
- Five lessons learned from the FIBA World Cup 10
- USA celebrates gold medal with lots of dancing (except Derrick Rose) 12
- Too much World Cup MVP Kyrie Irving for Serbia to handle as USA wins gold easily 129-92 30