After sp_changedbowner is executed, the new owner is known as the dbo user inside the database. The dbo has implied permissions to perform all activities in the database.
The owner of the master, model, or tempdb system databases cannot be changed.
To display a list of the valid login values, execute the sp_helplogins stored procedure.
Executing sp_changedbowner with only the login parameter changes database ownership to login.
You can change the owner of any securable by using the ALTER AUTHORIZATION statement. For more information, see ALTER AUTHORIZATION (Transact-SQL).