In 1979, Jerry Buss bought the Lakers, the Forum and the Los Angeles Kings for $67.5 million. Now the Lakers alone are worth $12.5 billion. "It used to be, 'Hey, I'm in this for the love of the game,'" said Ross Williams, a private-equity attorney and partner at law firm Reed Smith. "Like I measure the success of my investment based on whether we win championships. … And now it's becoming apparent that these are really, really good financial investments."
This article originally appeared on Hoops Hype: "It used to be, 'Hey, I'm in this for the love of the …

#jerry #angeles