The Lakers’ newest possession shakeup will not be prompting Dr. Patrick Quickly-Shiong to go away the franchise.
The billionaire doctor and businessman intends to retain his 4% curiosity as Bob Iger and Josh Kushner put together to take management of the group in a report $12.5 billion transaction with Mark Walter.
“Dr. Patrick is completely not promoting his minority share of the Lakers,” Quickly-Shiong household lawyer Chuck “Tiger” Kenworthy advised ESPN.
“Bob Iger and Josh Kushner are good pals, and we shall be becoming a member of them as supportive, energetic and engaged companions as soon as they shut the transaction with Mr. Walter. We’re extraordinarily excited in regards to the Lakers’ future and stay up for many extra championship years.”
Quickly-Shiong’s connection to the group dates again to 2010, when he purchased his minority curiosity from Lakers icon Magic Johnson.
The 74-year-old constructed a lot of his fame in drugs and enterprise, together with his work growing the most cancers therapy Abraxane. He later turned the proprietor and government chairman of the Los Angeles Instances.
His choice offers some stability throughout an unusually turbulent interval for the Lakers’ possession group. Walter solely took management of the franchise from the Buss household in October 2025 in a $10 billion sale.
Lower than a yr later, he reached an settlement to switch management to Iger and Kushner for $12.5 billion, pending approval from the NBA Board of Governors.
One other possession difficulty is unfolding individually throughout the Buss household. They nonetheless management a mixed 17.8% curiosity, however the siblings are divided over what ought to occur to these shares.
5 reportedly supported a sale, whereas Jeanie Buss is preventing the transfer. That dispute might finally have an effect on Jeanie’s place with the group.
NBA laws require the person serving as a group’s governor to keep up possession of no less than 15% of the franchise.
Lakers minority proprietor Dr. Patrick Quickly-Shiong not promoting stake in group https://t.co/D4euYfszoV pic.twitter.com/vgOsml2gug
— New York Submit (@nypost) August 20, 2026
