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“No Way It’s Only $5M”: Millionaire Jeanie Buss’ Newest Investment Stuns Lakers Fans

Published 01/06/2024, 10:23 AM EST

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The Los Angeles Lakers are one of the most storied franchises in NBA history, synonymous with success and star power. Because of all this, they have the most devoted fanbase who have been with the team through their best and worst times. So, it is only fair that they are given the treatment that they deserve for their loyalty. For much of their successful history, the Lakers have been under the ownership of the Buss family, who have always worked to render the best fan experience.

The reins were initially held by Jerry Buss in 1979, but after his passing, control transitioned to his daughter, Jeanie Buss. Under the ownership of Jeanie, the Lakers look to take the fan experience to the next level, as the 62-year-old millionaire’s new investments into the Crypto.com Arena has taken the fan fans by surprise.

Fan unveils Lakers’ $5 million dollar-per-year tunnel suite

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In a recent video posted on TikTok by Jack Goldburg, the influencer unveiled the uber-luxurious tunnel suites at the Crypto.com Arena. Fans were left speechless by the amenities and hospitality provided. Entrepreneur Joe Pompliano shared further details about the perks included in the package. Fans can expect a personal chef and bartender, access to the player’s entrance, free garage parking, and tickets to all events being held at the Arena. That includes NBA, and NFL games and several concerts.

Despite the unmatched hospitality on offer, fans would have to shell out $5 million per year. The price tag of the luxurious package has surprised many fans. While some fans think it’s value for money, a significant number of individuals believe that the package comes at a steep price. Although Jeanie Buss owns the Lakers, the arena is owned by the Anschutz Entertainment Group (AEG). Before 2021, the arena was named the Staples Center. However, in 2021, Crypto.com signed a 20-year naming rights deal worth $700 million with AEG.

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Fans react to the luxurious tunnel suites

Tickets for Lakers’ games don’t come cheap. However, the new amenities may actually make them worth it. Not every fan can experience the suites as they cost around $5 million per year, and some fans were shocked by the pricing. But one X (Twitter) user by the name of Kale Abe wrote, “Is the food included???? No way it’s only $5M for all that that’s insane.”

Another user by the name of Dennis Wells wrote, “That’s actually a steal if you’re a millionaire honestly. 12 tickets to all events with private chefs and bartenders ? And parking? That’s not bad.”

However, some social media users didn’t agree with the pricing. Jonny K wrote, “5M isn’t right. No chance.”

A fan by the username of playboy cardiac arrest wrote, “i mean, that’s dope but i’d be happy with a beer, a hot dog, and good seats.”

While another user hilariously wrote, “Yeah that’s what most people experience at an NBA game.”

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What are your thoughts on the suites? Would you be willing to shell out the big bucks? Let us know in the comments below!

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Written by:

Dushyant Singh

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Dushyant Singh is an NBA writer at EssentiallySports. His basketball script journey began in 2020 when he was captivated by the Los Angeles Lakers? triumphant NBA championship win. Before that he was merely dribbling and dunking as a boy next door.
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Edited by:

Ruth John