Earvin "Magic" Johnson is no longer a part-owner of the Los Angeles Lakers.
Johnson sold his stake in the Lakers to Dr. Patrick Soon-Shiong, an accomplished businessman, prominent UCLA surgeon and Lakers season-ticket holder for 25 years, for an undisclosed sum, the team announced Monday. Johnson, who was believed to own as much 10 percent of the team, purchased his share in 1994 for a reported $10 million.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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