Magic Might Be Looking To Buy The Pistons

 

magic johnson isiah thomas kiss Magic Might Be Looking To Buy The Pistons

After 10 years of owning a piece of the Los Angeles Lakers, former team member Earvin “Magic” Johnson has sold his share of the franchise to a long time season ticket holder for an undisclosed amount.

Johnson, who played 13 years for the Lakers, originally paid $10 million in 1994 for a 4.5% share of the team, and some speculate that the sale was orchestrated so that he can own a larger portion of another team later on.

According to Business and Finance News, there’s talk that Magic could be involved in a transaction to purchase the Detroit Pistons, as the owner of the Detroit Redwings and Tigers is now eyeing Motor City’s basketball team.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From 98.7 AMP Radio - More Hit Music Every Hour

Check Out The AMP Live 2017 LineupIt's the hottest party of the summer and 98.7 AMP Radio is proud to announce who will be there.
Kendrick Lamar to Perform at The Palace this JulyTravis Scott and D.R.A.M. will open.

Listen Live