The Lakers are the defending NBA champions, but Magic Johnson admitted on Wednesday he's a little concerned about their title defense. Magic Johnson sold his small ownership stake in the Los Angeles Lakers to Dr. Patrick Soon-Shiong on Monday, possibly clearing the way for the Hall of Famer to own a bigger portion of another NBA team in the future. Buss eventually sold an ownership stake to Johnson in 1994, which he sold in 2010. He wasted no time on what his intentions were, telling USA Today after he … This is the 11th Lakers championship ring for Magic Johnson, and the first for Dion Waiters and J.R. Smith. theringer.com - Bakari is joined by basketball legend Magic Johnson to talk about his career after basketball, owning the Los Angeles Sparks (2:50), the Showtime … Magic Johnson on Sports Team Ownership, the Showtime Lakers, March Madness, and the NBA Season - Flipboard Magic Johnson returned to the NBA playing 32 games before retiring as one of the all-time greats. Since no player or staff wanted to be associated with Johnson when he got the virus, he was forced to retire. Feb 3, 2017 - Magic Johnson spoke at length about his desire to help the franchise in his new role as an advisor to ownership. Written By. Co-owner Magic Johnson will take over as the Lakers’ president of basketball operations, the team announced. Johnson bought shares representing about 4.5 percent of the Lakers in June 1994 for a reported $10 million. However, the Lakers legend did make a comeback in the 1995-1996 NBA season. Los Angeles won't forget the last two weeks in a hurry and neither will former NBA great Magic Johnson. Johnson said the sale was strictly a “bittersweet business decision,” but the five-time league champion has long been interested in taking a larger ownership role in an NBA franchise. Often regarded as the best point guard of all time, Johnson played 13 seasons for the Lakers and was honored as one of the 50 Greatest Players in NBA History in 1996. Magic Johnson on Sports Team Ownership, the Showtime Lakers, March Madness, and the NBA Season Bakari also talks to Magic about his career … Earvin "Magic" Johnson Jr. (born August 14, 1959) is an American former professional basketball player and former president of basketball operations of the Los Angeles Lakers of the National Basketball Association (NBA). Johnson returned to the Lakers on February 2 to advise ownership on basketball and business. Magic accuses Pelinka of 'backstabbing' (2:11) Magic Johnson says Rob Pelinka was the person to whom he was referring with his "backstabbing" comments when he resigned from the Lakers. Magic Johnson on Tuesday informed reporters that he is stepping down as president of the Los Angeles Lakers in a bizarre and shocking move. Magic Johnson Praises Lakers Ownership After Salary Dump Trade Wow wow WOW what a trade and big move by Jeanie and Rob to clear $32M in cap space! Buss also encouraged Magic’s intrigue in business and taught him the details of Lakers’ contracts and how the organization functioned. Lakers hire Magic Johnson to advise team President Jeanie Buss. Johnson bought shares representing about 4.5 percent of the Lakers in June 1994 for a reported $10 million. According to some reports from the time, it was once thought to be possible. It’s only fitting a historic day for the Lakers indirectly involves the Dodgers. … Among the many things Magic Johnson said yesterday, nothing quite felt like him tipping his hand more than when he talked about Lakers ownership. Magic Johnson Enterprises is an American investment company owned by retired NBA Hall of Fame legend Magic Johnson.In 1995, after some criticism that he only invested with other people's money, Johnson took an equity stake along with what was then the Loews chain in the 12-screen multiplex movie theater in Baldwin Hills (now owned by Cinemark). Well, not exactly, he will forever be a Laker in everyone’s minds, forever wearing the “Forum blue and gold” in the hearts of Lakers fans. Johnson, who is … Johnson bought shares representing about 4.5 percent of the Lakers in June 1994 for a reported $10 million. The life-long Los Angeles Laker officially ended his NBA playing career after a brief comeback during the 1995-96 season. Magic Johnson, the beloved former point guard behind five world titles for the Los Angeles Lakers, announced Tuesday night he was quitting as the team's president of basketball operations. Earvin Johnson Jr., meglio conosciuto come Magic Johnson (Lansing, 14 agosto 1959), è un ex cestista, allenatore di pallacanestro, imprenditore e dirigente sportivo statunitense, considerato uno dei più grandi giocatori della storia della pallacanestro. Magic Johnson on new Lakers role 05:40 NBA legend Earvin “Magic” Johnson is taking on a new role with the Los Angeles Lakers as an adviser to the team’s president and co-owner, Jeanie Buss. Magic Johnson Enterprises serves as a catalyst for fostering community and economic empowerment by providing access to high-quality entertainment, products and services that answer the demands of multicultural communities. By Harrison Faigen @hmfaigen Dec 26, 2020, 12:00pm PST Share this story https://www.nba.com/lakers/news/170202-magic-johnson-advisor ... Johnson, who also has an ownership stake in the Dodgers and Sparks, sold his share of the Lakers in 2010. Arguably one of the best NBA passers of all time, this video pays tribute to some of best plays of Magic Johnson's career. Earvin "Magic" Johnson's on the court legacy will always be apart of the Los Angeles Lakers organization. Magic Johnson net worth: As per reports, LA Lakers legend Magic Johnson – who is one of the richest former athletes in the world – is worth $600 million. Magic Johnson has sold his small ownership stake in the Los Angeles Lakers to Dr. Patrick Soon-Shiong, possibly clearing the way for the Hall of Famer to own a bigger portion of another NBA team in the future. Lakers executive Rob Pelinka and legend Magic Johnson long ago patched up their differences and were able to share a moment of joy after the Lakers won the title. There's a new Magic Johnson feature documentary in the works in the wake of the success of ESPN's 10-part Michael Jordan docuseries The Last Dance. WASHINGTON — Hall of Famer Magic Johnson has rejoined the Lakers as an adviser reporting directly to owner Jeanie Buss, the team announced Thursday. Magic Johnson has nothing to do with the Lakers. Could Magic Johnson have ever really played for an NBA team besides the Lakers?
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