One of the shrewdest business men in the NBA Magic Johnson has sold the 4.5% stake he acquired of the NBA team in the mid 90s for $35 million according to rumors. Experts say Magic may be following in Michael Jordan’s footsteps hoping to become a majority owner of an NBA team, but the league does not allow ownership of two different franchises.
Word is Magic is about to buy into the Detroit Pistons who have a new head guy, the Little Ceasers owner Mike Ilitch.





{ 5 comments… read them below or add one }
he’s getting out of LA at the right time. Kobe seems to be towards the end of his run and there is no heir apparent to the Laker throne.
out of all the pics..u pick oneof him kissing another man….
cmon life admin
Yeah c’mon LIFE out of all the pictures????? You guys are fucken haters yo, that’s some shit Bossip will do didn’t expect that from you guys.
Oh please….
did u really expect a “gossip” website to be respectful???
You’re expectations are too high.
LIFE has a brain of a high school gurl.
whos the dork in the background with the glasses