Magic Johnson Says Selling Stakes in Lakers, Starbucks Made Sense
(LA Times) — Magic Johnson, who created a buzz this week by selling his minority stakes in the Lakers and Starbucks, said he did those deals because they were good business decisions. Johnson said Wednesday he will “look at every opportunity” in the future to become a majority owner of a sports team, but that he hasn’t joined forces with anybody yet. However, Johnson said he wants to play a role in bringing the NFL back to Los Angeles.
