Magic Johnson headlines group buying LA Sparks - NBC Sports

Magic Johnson headlines group buying LA Sparks
APWF
FILE - This April 23, 2003 file photo shows former Lakers star Magic Johnson showing the view of downtown Los Angeles from the top floor of the 32-story Transamerica Center, in Los Angeles. A person familiar with the situation says Magic Johnson is part of a group buying the Los Angeles Sparks of the WNBA. The person spoke to The Associated Press on condition of anonymity because no official announcement has been made. The WNBA will officially announce the new ownership at a press conference on Wednesday Feb. 5, 2014 outside the Staples Center. (AP Photo/Nick Ut, File)
February 5, 2014, 8:02 am

Magic Johnson is part of a group buying the Los Angeles Sparks of the WNBA.

The former Lakers great will take over a franchise that's been looking for new ownership the past six weeks.

WNBA President Laurel Richie tells The Associated Press that she's "thrilled" to have the Hall of Famer involved with the league. Johnson was a part owner of the NBA's Los Angeles Lakers for a decade before selling his share of the team in 2011.

Johnson and Mark Walter teamed with a group of investors to buy baseball's Los Angeles Dodgers in 2012 for a record $2.15 billion. It will be the same group owning the Sparks, minus Peter Guber, who owns a stake in the NBA's Golden State Warriors.

The WNBA will announce the Sparks' new ownership at a news conference Wednesday outside Staples Center.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



Channel Finder