Short's ownership group consisted of 117 Minnesota businesses and private citizens, who amassed a total of $200,000 for the purchase; $150,000 to buy the team and $50,000 to run it. By 1958 Short had become 80% owner of the team by buying out his partners, but the team was floundering. Attendance remained poor, and the NBA had put the Lakers on "financial probation", notifying them that if they did not meet certain ticket sales numbers they could be bought out by the league and relocated. Short was forced to move the team to Los Angeles in 1960; the club had lost $60,000 in the first half of the 1959–60 season alone. The NBA's owners originally voted 7–1 against the move. When Short indicated that he might take the team to a new rival league that was developing, however, the owners held another vote that same day and allowed the relocation (8–0). Aided by Baylor's drawing power, and the new locale, the team's finances improved when they arrived in LA. Short sold the team to Washington Redskins owner and publisher Jack Kent Cooke in 1965 for a then league record amount of $5.175 million. Short insisted the deal be conducted in cash as he was wary of Cooke, so guards transported the money in a cart from one New York bank to another. Cooke was a more hands-on owner than Short, and overhauled the team's operations. He personally financed construction of the Forum in 1967 at a cost of $16.5 million. He owned the team until 1979 when he sold it, the NHL's Los Angeles Kings, the Forum, and some real estate to Jerry Buss for $67 million. Cooke was forced to sell the team as he was undergoing a costly divorce. Buss was a local chemical engineer and former University of Southern California professor who had become wealthy in real estate. Philip Anschutz bought a stake in the team in 1998, and until October 2010 Magic Johnson was a minority owner as well. Buss started the trend of allowing sponsors to add their name to team's stadiums when he renamed the Forum the Great Western Forum in 1988. In 2009 major sponsors included Verizon Wireless, Toyota, Anheuser-Busch, American Express, and Carl's Jr., and the team's $113 average ticket price was the highest in the league. In 2013, Buss died at the age of 80 after being hospitalized for 18 months