CORRECTED: NBA: Lakers' owner Buss dies - report

Jerry Buss, the Los Angeles Lakers owner who transformed the team into the glamour franchise of a revitalized NBA, died on Monday at the age of 80, the Los Angeles Times reported.

Buss had been reported to be in hospital last week fighting an undisclosed form of cancer.

Buss purchased the Lakers, their former Forum arena, the Los Angeles Kings National Hockey League team and a 13,000-acre Kern County ranch from Jack Kent Cooke for $67.5 million in 1979.

When Buss bought the Lakers, they had won one championship in the previous 25 seasons.

Buss made the Lakers one of the biggest draws in Los Angeles with a combination of shrewd personnel moves on and off the court and a feel for show business glamour.

The Lakers have the highest payroll in the NBA at $100 million, but they were recently valued by Forbes magazine as being worth $1 billion -- second in the NBA only to the New York Knicks.

Buss's 10 championships as an owner are the most in NBA history and he was elected to the Basketball Hall of Fame in 2010.

Buss had handed over control of the franchise to son Jim, who looks after the basketball side of the club, while his daughter Jeanie oversees business matters.

  • Malaysia Airlines jet turns back after tire burst
    Malaysia Airlines jet turns back after tire burst

    KUALA LUMPUR, Malaysia (AP) — A Malaysia Airlines flight heading to India with 166 people aboard made an emergency landing in Kuala Lumpur early Monday after it was forced to turn back when a tire burst upon takeoff, the airline said.

  • 5 Unanswered Questions About Jesus
    5 Unanswered Questions About Jesus

    As Christians worldwide gather for Easter to celebrate their belief in the death and rebirth of Jesus, researchers continue to delve into the mysteries that surround the man. The following are five questions about Jesus that, for now, at least, remain unanswered. In 2008, astronomer Dave Reneke argued that the Star of Bethlehem (a celestial event long associated with Jesus' birth) may have been Venus and Jupiter coming together to form a bright light in the sky. Other researchers have claimed that a similar conjunction between Saturn and Jupiter occurred in October of 7 B.C. Still others have claimed that Jesus was born in the spring, based on stories about shepherds watching over their flocks in fields on the night of Jesus' birth — something they would have done in the spring, not the winter.