Quantcast

Magic Johnson Sells His Stake In The Los Angeles Lakers For $35 Million!?

by admin on 10/19/2010 · 5 comments

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 }

blyx 10/19/2010 at 12:38 PM

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.

Reply

james 10/19/2010 at 1:09 PM

out of all the pics..u pick oneof him kissing another man….

cmon life admin

Reply

Anonymous 10/19/2010 at 3:38 PM

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.

Reply

Anti-believer 10/19/2010 at 6:04 PM

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.

Reply

pride 12/09/2010 at 2:09 AM

whos the dork in the background with the glasses

Reply

Leave a Comment

Previous post:

Next post:

the.LifeFiles Photo Policy | Privacy Policy