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[Saba Sports News] Magic Johnson might be branching out from his Los Angeles Lakers roots in a major way.
Reported earlier this week, the NBA legend is a contender to lead the ownership group for an NBA expansion team, potentially in Las Vegas or Kansas City.
The report mentions that multiple investment groups in Las Vegas are particularly interested in partnering with Johnson, citing his extensive business expertise and sports ownership track record.
At 65, Johnson boasts an impressive portfolio of ownership stakes in teams across various sports, including MLB’s Los Angeles Dodgers, the NFL’s Washington Commanders, the WNBA’s Los Angeles Sparks, and MLS’ Los Angeles FC.
However, in the NBA realm, Johnson has only ever been associated with the Lakers, having purchased a 4.5% stake in the team in 1994 before selling it in 2010.
While Johnson has previously turned down opportunities to invest in other NBA teams out of loyalty to the Lakers, this potential move signals a shift.
The allure of leading a new franchise—especially alongside another prominent figure reportedly interested in NBA expansion—could be enough to change Johnson’s mind and mark a new chapter in his storied career.