Los Angeles Lakers minority shareholders divided amid ownership battle
The Los Angeles Lakers face uncertainty off the court as minority shareholders take opposing stances on the team's potential sale. Patrick Soon-Shiong, owner of the Los Angeles Times, has confirmed he will retain his 4% stake in the franchise despite the ongoing ownership transition. The Lakers are currently on a five-game losing streak, with their last result being a 110-115 loss to the Oklahoma City Thunder on May 12, 2026.
What's happening with the Lakers ownership?
A group led by former Disney CEO Bob Iger and venture capitalist Joshua Kushner has agreed to purchase controlling interest in the Lakers from Mark Walter at a record $12.5 billion valuation. However, Jeanie Buss, the team's governor, is challenging her siblings' decision to sell the family's 17.8% stake. Her attorney has demanded a retraction of statements about the sale, citing a court ruling that she is owner for life.
Where do other minority owners stand?
Real estate developer Edward P. Roski, who owns a 3% stake in the Lakers since 1998, has not disclosed his intentions regarding the sale. Todd Boehly, who purchased a minority stake in 2021, has an unclear position as some of his shares may have been folded into Walter's majority stake. The Lakers' recent form shows five consecutive losses (LLLLL), adding pressure on the ownership situation.
What's next for the Lakers?
The NBA board of governors must still approve the sale, which could take weeks or months. Meanwhile, the Lakers continue to struggle on the court, with their next challenge visible on the [fixtures](/fixtures) page. The ownership battle and on-court performance will likely remain intertwined as the situation develops.
