Does Magic Johnson Own Part Of The Lakers?

Over the years, Magic Johnson Enterprises has continually invested ownership in many lucrative businesses such as the Los Angeles Lakers, movie theaters and restaurants in the United States, including T.G.I. Friday’s, Sodexo, and Burger King locations.

Magic Johnson Enterprises is an American investment company owned by retired NBA Hall of Fame legend Magic Johnson.

In 1995, after some criticism that he only invested with other people’s money, Johnson took an equity stake along with what was then the Loews chain in the 12-screen multiplex movie theater in Baldwin Hills (now owned by Cinemark).

The Beverly Hills–based Magic Johnson Enterprises formerly owned Magic Johnson Theatres in four cities, 31 Burger King restaurants in the Southeast, and 13 24-Hour Fitness/Magic Johnson Sport health clubs.

In March 2008, Johnson signed a multi-year marketing deal to help electronics retailer Best Buy Co. bolster sales in urban neighborhoods.

In October 2010, Johnson sold his interest in 105 Starbucks licenses back to the company.

The next day he sold his 4% interest in the Los Angeles Lakers for an estimated $27 million to Patrick Soon-Shiong.