Attention Lakers Fans: "Magic" Johnson No Longer Part Owner of Team

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By
Muhammed El-Hasan
on October 18, 2010 1:44 PM | | Comments (0) |

Lakers owner Jerry Buss says that Earvin "Johnson's" sales doesn't affect their relationship.

I wonder why Johnson decided to sell his minority share in the team.

Here's part of the press release from NBA.com:

EL SEGUNDO - Los Angeles Lakers legend and part-owner Earvin "Magic" Johnson has sold his share of the team to Dr. Patrick Soon-Shiong, it was announced today. The transaction price of Johnson's share of the team is undisclosed.

Read the full Lakers release.


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This page contains a single entry by Muhammed El-Hasan published on October 18, 2010 1:44 PM.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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