One Lakers minority owner isn't giving up his stake in the team
At a time when the Lakers' ownership situation is in flux, one of their minority owners is staying put.
Dr. Patrick Soon-Shiong, a minority owner of the Los Angeles Lakers, has decided to retain his 4% stake in the team despite the majority of the Buss family opting to sell their 17.8% share to Josh Kushner and Bob Iger, a report by ESPN states. The doctor, who has owned his minority share since 2010, is not planning to sell, according to his attorney, Chuck Tiger Kenworthy.
Dr. Soon-Shiong, a renowned physician and businessman, has a net worth of over $15 billion, as per the Bloomberg Billionaires Index. He has been involved in developing new cancer treatments and was an early investor in Zoom. Despite the agreement for Mark Walter to sell his majority stake, Dr. Soon-Shiong remains committed to the team, expressing excitement about the Lakers' future and their potential as supportive, active partners.
Written by urgent.news from Yahoo Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
