Magic Johnson Sells His Share of Lakers

| by The Daily Heat

This is just plain weird. It feels wrong. Unsettling if you will.

On Monday, the Los Angeles Lakers announced their resident Hall-of-Famer, legend and arguably best Laker of all time had sold off his share of the team to Dr. Patrick Soon-Shiong.

"The sale of Earvin’s share of the team is a business decision which will not change our relationship," Lakers majority owner Jerry Buss said in a statement. "Our friendship goes well beyond business. Patrick is a long-time and passionate Lakers fan and we are delighted to have him as a partner."

Johnson, in turn had this to say:

"After heavy deliberation and a weighing heart, I have decided to sell my share of the Lakers to Dr. Patrick Soon-Shiong. Dr. Soon-Shiong is a super Lakers fan, an outstanding businessman, a dedicated philanthropist and one of the most active community leaders in Los Angeles,” Johnson said in a statement on the team's website. “I am truly humbled to have been a Lakers player for 13 years and an owner for over 10 years.

"I thank Dr. Buss from the deepest part of my heart and soul for allowing me such an incredible opportunity. I will continue to work alongside Dr. Buss, Jeanie Buss and Mitch Kupchak in their efforts to continually build and maintain the best NBA franchise in the league. This was a bittersweet business decision made on behalf of my family and myself, and I want to assure all the wonderful and loyal Lakers fans that my decision will in no way affect my dedication and support for the Los Angeles Lakers. I am and will always be a Laker for life.”

Earlier this summer ...

Get the rest of this article HERE.

Please add the site on Facebook.