Magic Johnson sells Stake in Lakers and 105 Starbucks Franchises

by Esf on October 19, 2010

Magic Johnson has become a successful businessman venturing into commercial real estate, health clubs, restaurants, movie theatres and stock investment. According to the Los Angeles Times, Magic has sold his 4.5% ownership stake in the Los Angeles Lakers to billionaire Patrick Soon-Shiong which is estimated to be worth $27 million. In addition to selling his stake in the NBA franchise, he sold 105 Starbucks franchises back to the company for $100 million. Speculation has it that Johnson is in the pursuit to acquire a NBA team which could be the reason for liquidating his assets.









{ 1 comment… read it below or add one }

Gomee Zheng August 17, 2011 at 7:56 am

ust when i thought i found an incredible awesome website…blogger disappears here>>>>>>>>>>>>>>>http://www.pumafootwearsale.co…Read more:  http://www.timberlandseller.com

Reply

Leave a Comment

{ 2 trackbacks }

Previous post:

Next post: