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.

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