Soon-Shiong Stays In Lakers Fold as Iger/Kushner Deal Unfolds Amid Buss Rift
TL;DR Summary
Patrick Soon-Shiong, who holds 4% of the Lakers, says he will not sell his stake to Bob Iger and Joshua Kushner amid a ongoing Buss family dispute over a 17.8% stake. With Iger/Kushner purchasing the team at a $12.5 billion valuation, Soon-Shiong’s stake is worth roughly $500 million. The Buss siblings are divided on selling; Jeanie Buss would own about 3% if others sell, though NBA governance requires at least 15% to operate as a governor, a status the deal preserves for her through 2030. Soon-Shiong bought his share in 2010 from Magic Johnson.
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