Current Ownership of the Los Angeles Kings
The Los Angeles Kings are owned by a group led by Patrick Soon-Shiong, a South African-born American businessman and the controlling owner of the NHL franchise. He acquired the team in 2012 from the previous ownership group led by Philip Anschutz and Edward P. Roski, finalizing the deal in a transaction that valued the franchise at approximately $700 million at the time of the sale. Forbes reported on the ownership structure and valuation of the Kings franchise.
Patrick Soon-Shiong operates the Kings through a holding company structure that places the team under the umbrella of his broader business portfolio, which includes media, healthcare, and technology investments. His control gives him final decision-making authority over hockey operations, arena strategy, and long-term franchise direction, with the team playing its home games at Crypto.com Arena in downtown Los Angeles.
Patrick Soon-Shiong's Net Worth and Business Background
As of the latest Forbes estimates, Patrick Soon-Shiong's net worth is in the range of $10 billion to $12 billion, making him one of the wealthiest sports franchise owners in North America. His fortune derives primarily from his ownership stakes in NantHealth, a healthcare technology company, and his former controlling stake in Tribune Publishing, where he acquired the Los Angeles Times and other major newspapers. Forbes lists Patrick Soon-Shiong among the world's billionaires with a detailed profile of his assets.
Before entering sports ownership, Soon-Shiong built his wealth through the pharmaceutical industry, founding Abraxis BioScience and later NantWorks, a holding company that oversees investments in biotech, artificial intelligence, and advanced materials. His acquisition of the Kings was part of a broader strategy to expand his influence in Southern California's media and entertainment ecosystem, complementing his ownership of the Los Angeles Times and investments in the Staples Center operating company.
Franchise Value and Financial Performance
The Los Angeles Kings are consistently ranked among the most valuable franchises in the NHL, with Forbes estimating the team's current value at approximately $1.5 billion to $2 billion, reflecting growth in league-wide media deals and arena revenue. The franchise generates income from ticket sales, broadcasting rights, sponsorship agreements, and suite revenues, with Crypto.com Arena serving as a major venue for concerts and events in addition to hockey. Forbes provides updated franchise valuations for the Kings and other NHL teams.
Under Soon-Shiong's ownership, the Kings have focused on modernizing their business operations, including digital fan engagement platforms and stadium experience upgrades, while maintaining a competitive roster built around core players developed through the team's draft and scouting infrastructure. The franchise's financial performance is tracked in public filings and league reports, with revenue growth tied to the NHL's expanding national media contracts and the team's continued presence in the Los Angeles market.