Los Angeles Lakers minority owner Patrick Soon-Shiong is not currently selling his 4% stake, according to a statement from his attorney reported by ESPN and corroborated by several outlets.
True
A Los Angeles Lakers minority owner is not selling his 4% ownership stake.
Where the Lakers' minority shareholders stand on sale of the team - Los Angeles Times
Source: latimes.com
At a glance
Verified August 21, 2026Key Evidence
ESPN reported that Soon-Shiong's attorney said the Lakers minority owner has no plans to sell his 4% stake.
The Los Angeles Times reported that Soon-Shiong acquired the stake from Magic Johnson in 2010 and that he has no interest in selling it.
Sports Business Journal and several secondary outlets corroborated the same account, although most appear to derive their information from the ESPN report.
The reporting
What the Evidence Shows
The wording describes Soon-Shiong's present intention rather than a completed transaction or a permanent commitment never to sell. The available reports say he is not selling amid uncertainty surrounding other Lakers ownership interests and the possible sale of the franchise. They do not establish that his stake could never be sold later, but they support the claim as a description of his current position.
Primary trail
Verified Sources10
Open source