Magic Johnson has sold his share of the Los Angeles Lakers. Kurt Helin of ProBasketballTalk says what everyone around here thought immediately when hearing this news:
"Magic Johnson wants a larger role in team ownership and talked about that back in August. He wants more of a Michael Jordan role in Charlotte, as one of or the main face of franchise ownership. That was never going to happen with the Lakers, where the Buss family has no plans to sell. Magic’s name came up on the periphery of the sales of the Golden State Warriors and Detroit Pistons.But you cannot own parts of two NBA franchises, so Magic had to get out of the Lakers before he could be serious elsewhere."