Does Magic Johnson Own Part of the Lakers? Let's Dive In!

Hello there, sports enthusiasts! We're about to embark on an exciting journey to explore whether NBA legend, Magic Johnson, owns a part of the Los Angeles Lakers. So, grab your popcorn, get comfortable, and let's dive in! Guys, explore more in Guides And Explainers and does magic johnson own part of the lakers.

Magic Johnson's Lakers Legacy

Before we delve into the ownership question, let's quickly revisit Magic Johnson's incredible Lakers legacy. Earvin "Magic" Johnson Jr. is a former professional basketball player who spent his entire 13-season career with the Lakers, from 1979 to 1991. He was a five-time NBA champion, a three-time NBA MVP, and an iconic point guard who redefined the game with his no-look passes and Showtime Lakers' fast-paced style of play.

Does Magic Johnson Own the Lakers?

Now, let's address the elephant in the room. No, Magic Johnson does not currently own the Los Angeles Lakers. The Lakers are owned by Jeanie Buss, who took over the team from her father, Jerry Buss, in 2017. However, Magic Johnson did have a brief stint as the Lakers' president of basketball operations, from 2017 to 2019.

Magic Johnson's Time as Lakers President

During his tenure as the Lakers' president, Magic Johnson played a significant role in shaping the team's future. He was instrumental in hiring head coach Luke Walton and acquiring superstars LeBron James and Anthony Davis. However, his time in the front office was short-lived, as he resigned in April 2019, citing a lack of support from the Lakers' ownership.

Magic Johnson's Business Empire

While Magic Johnson may not own the Lakers, he has built an impressive business empire. He is the chairman and CEO of Magic Johnson Enterprises, an investment conglomerate that focuses on urban communities. His portfolio includes investments in sports teams, movie theaters, restaurants, and real estate. Some of his notable investments include:

1. 2012. - Los Angeles Sparks: He became a part-owner of the WNBA team in
2. 2014. - Starbucks: Magic Johnson is a significant investor in the coffee chain and has opened numerous stores in underserved communities. - Equity investment: He has invested in various technology companies, including Uber, Airbnb, and Fanatics.

Magic Johnson's Impact on the Lakers

Although Magic Johnson does not own the Lakers, his impact on the franchise is undeniable. As a player, he helped the Lakers win five championships and became one of the most iconic figures in NBA history. As the team's president, he played a crucial role in rebuilding the Lakers and bringing in superstar talent.

Even without an ownership stake, Magic Johnson's influence on the Lakers is immense. His presence in the front office and his support for the team have helped maintain the Lakers' status as one of the most successful and popular franchises in the NBA.

Final Thoughts

So, there you have it, folks! While Magic Johnson does not own the Los Angeles Lakers, his legacy and impact on the franchise are indelible. From his legendary playing career to his brief stint as the team's president, Magic Johnson has left an enduring mark on the Lakers and the NBA as a whole.

We hope you enjoyed this deep dive into the world of Magic Johnson and the Lakers. If you're craving more basketball content, be sure to check out our other articles, and don't forget to share this one with your fellow Lakers fans! Until next time, stay golden!