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NBA ownership

  1. Magic Johnson sells his shares of the Lakers, looks to purchase another team

    Oct 18, 2010, 4:15 PM EDT

    Image (1) magic-johnson-thumb-250x166-16283.jpg for post 3243

    Magic Johnson has nothing to do with the Lakers. Well, not exactly, he will forever be a Laker in everyone’s minds, forever wearing the “Forum blue and gold” in the hearts of Lakers fans. But now he has no actual ties to the team Magic Johnson is selling his shares of the Lakers. “After heavy…

  2. Magic Johnson ready to move on from Lakers, head up an ownership group

    Aug 17, 2010, 1:54 PM EDT

    Magic Johnson’s name has come up in Golden State when that team was for sale. It has come up in connection with Detroit and the sale of the Pistons. And it is going to come up again, because Magic wants to run an NBA franchise, he told Scott Howard-Cooper of NBA.com. And he knows that…

  3. Failed Bobcats bidder may not be done with NBA yet

    Feb 27, 2010, 12:34 PM EDT

    George Postolos’ bid to become an NBA owner was foiled late last night as Michael Jordan rallied investors to become majority owner. But that doesn’t mean the Texas businessman (and former Rockets CEO) is done with his ownership pursuits. In a statement to the pres (via the Charlotte Observer), Postolos said: “I remain committed to…

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