23 Hrs
Source:
Los Angeles Times
Lakers' minority shareholders on team sale
Patrick Soon-Shiong, a minority owner of the Lakers and owner of the Los Angeles Times, has announced he will not sell his 4% stake in the team. Despite a high-profile sale agreement involving a group led by Bob Iger and Joshua Kushner valued at $12.5 billion, Soon-Shiong remains committed to the Lakers' future. Meanwhile, Jeanie Buss is challenging her siblings’ assertion that the family is selling its 17.8% ownership stake, citing a court ruling that she is to remain owner for life.
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