Quote:
Originally Posted by displacedinMN
So, magic johnson is part owner.
How much does he really own?
NBC is interviewing him and not the person with the deep pockets. Hmmm.
That is all the more into politics I will take this thread.
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I just did a quick search and found this in an article, Magic owns 4% according to the article.
Harris' slice will obviously be the biggest, and he stands to have a 30 percent ownership stake in the franchise. The rest will be divided among his 17 limited partners, including Los Angeles Lakers icon and NBA Hall of Famer Magic Johnson and billionaire businessman Mitchell Rales. The latter's share will be 12 percent with Johnson set to hold four percent.