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 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
