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The Briefly Pulse

The Briefly Pulse

Lakers Owner Stays Put Amid Ownership Shift

Lakers minority owner Dr. Patrick Soon-Shiong confirms he will not sell his 4% stake as the team undergoes a massive ownership transition.

The Briefly Pulse Desk August 20, 2026 1 min read 2 views

The update

Dr. Patrick Soon-Shiong, a minority owner of the Los Angeles Lakers, has no plans to sell his 4% stake, his attorney confirmed to ESPN. This decision comes as the franchise undergoes a significant ownership transition, with Mark Walter selling his majority stake to Bob Iger and Josh Kushner. Soon-Shiong’s attorney stated that the doctor and his family will join the new owners as supportive, active partners once the transaction closes.

Why it matters

Soon-Shiong’s commitment to remain an ‘active and engaged partner’ provides stability during a period of ownership flux. His continued involvement, alongside the new ownership group, suggests a unified approach to the team’s future despite the change in majority control. This is particularly notable as five of the six Buss siblings have voted to sell their remaining 17.8% stake to the new owners.

What to watch

How will Soon-Shiong’s role evolve with the new ownership group? Will other minority owners follow his lead in staying put? What impact will his continued presence have on the team’s strategic direction?

Sources

espn.com — confirming Soon-Shiong's decision to retain his stake
Lebron Wire — additional context on the Lakers ownership situation

Verified sources