IMAGERY – Buying The Lakers

The Lakers’ franchise was founded in Detroit Michigan in 1946. Upon moving to Minneapolis, the team got its official title from the state’s nickname, “Land of 10,000 Lakes.” After thirteen years, on April 28, 1960, attorney and trucking magnate Bob Short announced that the failing Minneapolis Lakers team would be moving to Los Angeles.

Below is a photograph of a deposit check written by Bloomingdale heir Alfred S. Bloomingdale in an attempt to purchase the team from Short for $700,000. Although this offer was refused, in 1962 Bloomingdale purchased 29% of the Lakers while Short still kept the majority share. The club was later sold to Jack Kent Cooke for $5 million in 1965.

“Letters and check, 3 April 1961. Negatives show a copy of an offer to buy the Los Angeles Lakers basketball club; Also a check for $100,000.00.”

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The letter reads:

March 15, 1961

Mr. Alfred Bloomingdale
900 North LaCienega Boulevard
Los Angeles 46, California

Dear Mr. Bloomingdale:

Thank you for your letter of March 7. We are complimented to learn of your interest in the Los Angeles Lakers.

Your offer was carefully considered by those who hold a majority of the outstanding stock of the Corporation. Their position has not changed. The Lakers are not for sale. In the event that we are of a different mind at a later date, you will be contacted.

Your check is herewith returned. Thank you for your interest.

Sincerely,
LOS ANGELES LAKERS
R. Short
President