Patrick Soon Shiong to be involved in ownership bid, money could make or break groups

Bill Shaikin of the Los Angeles Times writes that Patrick Soon Shiong, long speculated to eventually attach himself to an ownership group, will indeed be involved in the process.

Dr. Patrick Soon-Shiong, who could sway the balance of financial power in the Dodgers’ ownership derby, will “absolutely participate” in a bid for the team, his representative said Tuesday.

Soon-Shiong, the richest man in Los Angeles, soon could emerge as a major player in the local sports scene. He owns a small share of the Lakers, might soon own a large share of the Dodgers and is interested in ownership possibilities should the NFL return to Los Angeles.

Soon-Shiong is a doctor, biotech investor and philanthropist. Forbes estimated his net worth at $7 billion in September.

The big question though is who he will eventually link up with.

His endorsement has the potential to make any group the front runner, but it could mean that other groups who already have lesser financial means are basically left in the dust.

On the surface, his ties with Magic Johnson would appear to make that group the favorite for his services. Personally, there’s nothing I would like more.

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