Dr. Patrick Soon-Shiong Not Selling Lakers' Stake Amid Buss Family Dispute

The useful part

Patrick Soon-Shiong has no plans to sell his stake in the franchise, according to his attorney. The announcement comes as a dispute unfolds within the Buss family following Mark Walter's agreement to sell his majority ownership to Bob Iger and Josh Kushner. Patrick is absolutely not selling his minority share of the Lakers," family attorney Chuck "Tiger" Kenworthy told ESPN Thursday.

How it works

• The Buss family retains a collective 17.8 percent ownership stake following their earlier sale of majority control to Walter, a deal ratified by the NBA board of governors in October.
• "Bob Iger and Josh Kushner are good friends, and we will be joining them as supportive, active and engaged partners once they close the transaction with Mr.
• The businessman and surgeon holds a net worth exceeding $15 billion, according to the Bloomberg Billionaires Index.
• Five of the six siblings, Johnny, Jimmy, Janie, Joey and Jesse, have voted to sell their remaining shares to Iger and Kushner at the $12.5 billion valuation.
• "Johnny, Jimmy, Janie, Joey and Jesse have made the decision to sell the family's remaining stake, and we remain united in that decision," the siblings said in a joint statement provided to ESPN's Shams...

What to take from it

"We intend to move forward thoughtfully, respectfully and through the appropriate process." Jeanie Buss, the team's current governor, remains the lone holdout and is contesting the planned sale. Iger indicated he intends to honor Walter's prior agreement keeping Jeanie in her governor role for at least five years, though he left room for f...