How much does Magic Johnson own of the Lakers?

Magic Johnson is one of the most famous and successful former NBA players of all time. He was an all-star five times and won five NBA championships with the Los Angeles Lakers. He is still a major part of the Lakers organization and is an owner of the team. So, how much does Magic Johnson own of the Lakers?

Magic Johnson owns a reported 5% stake in the Los Angeles Lakers, which is valued at approximately $50 million. This is a relatively small stake compared to majority owners, the Buss family, who own a reported 70% stake in the team. Other owners include the heirs of the late Marvin Davis, who owns a reported 8% stake.

Magic Johnson’s stake in the Lakers dates back to the early 1990s. He joined the franchise as a part-owner after his retirement from professional basketball. Johnson’s ownership stake in the team has grown since then, and he is now one of the most visible owners of the team. He is the Lakers’ public face and is often seen at the team’s home games. Johnson’s stake in the Lakers has also grown due to the team’s success in recent years, as the Lakers have won five NBA championships since 2000.

Magic Johnson’s stake in the Lakers makes him one of the most powerful owners in the NBA. He is a visible presence at the team’s home games and has been instrumental in the team’s recent success. His stake in the Lakers is reported to be worth $50 million, and it is likely to increase in value as the team continues to win championships.

The Financial Impact of Magic Johnson’s Lakers Ownership

Magic Johnson is one of the NBA’s most successful figures, both as a player and an owner. After buying the Los Angeles Lakers in 2012, he has had a major impact on the franchise. Since Johnson took over, the Lakers have become one of the most profitable teams in the NBA. But how much does Johnson own of the team?

Johnson’s ownership stake in the team is estimated to be around 4.5%, according to reports. This is significantly lower than the majority stakeholder, Guggenheim Partners, which owns a reported 65% of the team. Johnson also holds a stake in the Los Angeles Dodgers, which is estimated to be around 10%.

One of Johnson’s major contributions to the Lakers has been the financial impact he has had on the team. Since taking over, the team’s revenues have increased dramatically. In 2015, the team reported total revenues of $2.6 billion, an increase of nearly $1 billion since Johnson became majority owner. The team’s operating income also rose from $144 million in 2013 to $230 million in 2015.

Johnson’s financial savvy has also resulted in a number of lucrative business deals for the team. The Lakers have secured lucrative television deals with Time Warner Cable and AT&T, as well as a number of sponsorship and apparel deals. These deals have enabled the team to remain competitive and maintain a high payroll.

Johnson has also been instrumental in helping the Lakers secure long-term stability. The team recently completed a $5 billion arena project, which will be the most expensive in NBA history. The team also secured a $24 billion television deal with Time Warner Cable, the largest television deal in NBA history.

The financial impact of Magic Johnson’s ownership of the Lakers has been impressive. The team has seen record revenues and has secured long-term stability. Johnson’s financial savvy and business acumen have been a major factor in the team’s success. With Johnson at the helm, the future of the Lakers looks bright.

The Magic Johnson Effect: How Much Does He Own?

Known for playing in the NBA, Earvin Johnson Jr. is often referred to as “Magic”. Johnson has been involved in the NBA for over three decades now and has had a tremendous impact on the league. As one of the most iconic players of all time, many fans are interested in how much Magic Johnson owns of the Los Angeles Lakers.

Magic Johnson first joined the Los Angeles Lakers in 1979, and was named the team’s president of basketball operations in February 2017. In 2019, Johnson announced his intention to step down from the role, however, he still has an ownership stake in the team. Johnson’s stake is reported to be around 2%, which amounts to around 4.5 million shares. This means he owns around 5% of the Lakers’ parent company, the Anschutz Entertainment Group (AEG).

In addition to his ownership stake, Johnson also has a number of other business interests in the team. Magic Johnson Enterprises (MJE) is a holding company that he owns and which holds a number of different investments, including a stake in the Lakers. MJE also has investments in various other sports-related businesses, such as the Los Angeles Sparks WNBA team. Johnson also has a stake in the San Diego Padres Major League Baseball (MLB) team.

Johnson’s influence on the Lakers can be seen in the team’s recent successes. Johnson reportedly played a key role in the Lakers’ signings of LeBron James and Anthony Davis, and he was also instrumental in the Lakers’ acquisition of former NBA MVP Kawhi Leonard. Johnson’s involvement in the basketball operations of the Lakers is seen as a major factor in the team’s recent successes.

In summary, Magic Johnson owns around 5% of the Anschutz Entertainment Group, which is the parent company of the Los Angeles Lakers. He also has investments in Magic Johnson Enterprises and other business interests, including the Los Angeles Sparks and San Diego Padres. Magic Johnson is seen as a key figure in the recent successes of the Lakers, and his influence has been significant.