Lakers Minority Owner to Retain 4% Stake

Dr. Patrick Soon-Shiong, a minority owner of the Los Angeles Lakers, will not be selling his 4% stake in the team, according to his legal counsel.

Dr. Patrick Soon-Shiong currently holds a 4% ownership stake in the Lakers. Recent speculation regarding a potential sale prompted a statement from his attorney clarifying his intentions. According to ESPN, the attorney confirmed that Soon-Shiong has “no plans to sell” his ownership portion. The attorney’s statement to ESPN directly addresses and dismisses those rumors.

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