Does Magic Johnson own a piece of the Lakers?

Does Magic Johnson own a piece of the Lakers? Magic Johnson bought stake in Lakers and sold it in 2010. In June of 1994, he bought a minority stake of 4.5% in the Lakers that was worth about $10 million. Fast-forward nearly two decades and he would go on to sell the stake to a billionaire Lakers season tickets holder who had been so for the last 25 years.

Magic Johnson bought stake in Lakers and sold it in 2010.

In June of 1994, he bought a minority stake of 4.5% in the Lakers that was worth about $10 million. Fast-forward nearly two decades and he would go on to sell the stake to a billionaire Lakers season tickets holder who had been so for the last 25 years.