The **Los Angeles Lakers** are a premier professional basketball team in the National Basketball Association (NBA), based in Los Angeles, California. Founded in 1947 as the Minneapolis Lakers, the franchise relocated to Los Angeles in 1960, becoming the NBA's first West Coast team. The Lakers compete in the Pacific Division of the Western Conference and play their home games at the Staples Center. Known for their iconic purple, gold, and black colors, the Lakers have a storied history of basketball excellence and cultural impact[1][2][4]. The organization is renowned for its **17 NBA championships**, tied for the most in league history, and its legacy of legendary players such as Magic Johnson, Kareem Abdul-Jabbar, Kobe Bryant, and LeBron James. The team's "Showtime" era in the 1980s epitomized their fast-paced, entertaining style of play, contributing to a global fanbase and significant brand equity[1][2][5]. After a period of struggle in the late 2010s, the Lakers rebounded by acquiring LeBron James in 2018 and Anthony Davis in 2019, culminating in winning the 2020 NBA Finals, a season notably disrupted and resumed in a pandemic "bubble"[2]. From a business perspective, the Lakers rank among the most valuable sports franchises worldwide, with a valuation around $6.4 billion as of 2023, and were sold in 2026 to billionaire Mark Walter for over $10 billion. Their financial success is bolstered by global brand recognition, lucrative partnerships, and a strong community presence through initiatives like the Lakers Youth Foundation[1][5]. The team continues to be a flagship franchise in sports, blending tradition with innovation, including embracing sports technology and analytics to maintain competitive advantage. Currently, the Lakers feature a star-studded roster including LeBron James, Anthony Davis, and rising talents like Luka Dončić and Bronny James, aiming for their 18th championship