Do the Lakers own Staples Center?

The Los Angeles Lakers are one of the most popular basketball teams in the world, and the Staples Center is one of the most iconic venues in the NBA. But do the Lakers own Staples Center?

The answer is no, the Lakers do not own Staples Center. Staples Center is owned by Anschutz Entertainment Group (AEG), the same group that owns the Los Angeles Kings hockey team. AEG purchased Staples Center in 2001 and have been the majority owners ever since. Staples Center is the home of both the Lakers and the Kings, and AEG works with both teams in order to keep the arena running smoothly.

Staples Center is a multi-purpose arena located in downtown Los Angeles. It opened in 1999 and is the largest arena in the region. It has been the home of the Lakers since 1999 and the Kings since the 2002-2003 season. The arena is also home to the Los Angeles Clippers, the Los Angeles Sparks, and the Los Angeles Avengers.

The Staples Center is one of the most profitable venues in the NBA, with an estimated annual revenue of more than $100 million. The arena has hosted some of the biggest events in the sports world, including the NBA Finals, the Grammy Awards, and the NHL All-Star Game. It also hosts concerts, conventions, and other events throughout the year.

So, while the Lakers don’t own Staples Center, they do benefit from the venue’s success. The Lakers and the Kings both have lucrative deals with AEG and other sponsors, and they also generate revenue from ticket sales, concessions, and merchandise. The Staples Center is an integral part of the Lakers’ history and will continue to be for many years to come.

Do the Los Angeles Lakers Own Staples Center?

The Los Angeles Lakers are considered one of the most successful professional sports franchises in the United States. Over the years, they have had some of the most recognizable players in the NBA, including Magic Johnson, Shaquille O’Neal, Kobe Bryant, and LeBron James. With their iconic purple and gold uniforms, they have won numerous championships, making them one of the most recognizable and beloved teams in the league. But, do the Los Angeles Lakers actually own the Staples Center?

The answer is technically no. The Staples Center is not owned by the Lakers, but it is owned by the Anschutz Entertainment Group (AEG). The center opened its doors in October 1999, serving as the home to the Lakers, the Los Angeles Clippers, the Los Angeles Kings, and the Los Angeles Sparks. The arena cost $375 million to build and is not owned by any individual or organization, with the exception of AEG.

However, the Lakers do have a long-standing lease with the Staples Center. The lease was first signed in 1999 and has been renewed every few years since then. The current lease runs through June 2024 and gives the Lakers exclusive use of the arena for nearly all of their home games. The team also has a significant amount of input into the arena’s operations, including the selection of the venue’s executive staff.

The Staples Center also serves as the home of the Los Angeles Lakers’ training facility. The Lakers have a full-sized practice court, weight room, locker room, and other amenities inside the arena. The team also has offices located inside the facility, which allows them to work closely with the AEG staff to ensure that the venue is operating at peak efficiency.

In addition to the Staples Center, the Lakers also have a partnership with the Hollywood Park Casino. The casino is located near the Staples Center and serves as the team’s official headquarters for all business operations. The team uses the casino as a place to host corporate events, team meetings, and press conferences.

So, while the Los Angeles Lakers do not own the Staples Center, they do have a long-standing relationship with the venue. The team has a lease with the venue that allows them exclusive use of the arena for their home games and they also have a partnership with the Hollywood Park Casino.

Exploring the Relationship between the Lakers and Staples Center

The Los Angeles Lakers and Staples Center have had a long and intertwined history. The Lakers are the NBA’s most storied team and Staples Center is one of the most iconic sports venues in the world. In the late 1990s, the Lakers and Staples Center were both in need of a major upgrade to their existing facilities. In 1999, the Lakers and Staples Center signed a 20-year agreement that saw the Lakers move into Staples Center as their home court. The two have been linked ever since.

The Staples Center is owned by Anschutz Entertainment Group (AEG) and the Lakers are tenants in the venue. This means that the Lakers do not own Staples Center, but have an exclusive lease to the arena for the duration of the contract. As part of the agreement, the Lakers are able to control certain features of the arena including the ticket prices, parking fees, and concessions. The Lakers also have the ability to customize the arena for their home games, including the installation of banners and other fan-friendly features.

The Lakers and Staples Center have had a strong relationship over the past two decades. Staples Center has provided the Lakers with a world-class venue to play their home games in front of some of the most passionate basketball fans in the world. The Lakers have been able to reap the benefits of their association with Staples Center, including increased ticket sales, merchandise sales, and sponsorship deals.

The Lakers and Staples Center have both benefited from their relationship. Staples Center has been able to use the presence of the Lakers to attract other big-name events, such as concerts, boxing matches, and other sporting events. The Lakers, meanwhile, have been able to take advantage of Staples Center’s world-class facilities to host some of the biggest games in the NBA. Both entities have been able to benefit from their partnership, and it looks like it will continue for many years to come.

The Lakers and Staples Center have formed a strong bond that has seen the two entities benefit from their relationship. From increased ticket sales to more sponsorship deals, the Lakers and Staples Center have been able to reap the rewards of their partnership. While the Lakers do not own Staples Center, they have an exclusive lease to the arena that will continue for many years to come.