Former Lakers Part-Owner Magic Johnson Has Reportedly Rejected Multiple NBA Ownership Offers

He's had some other jobs with LA too, we suppose.

Hall of Fame Los Angeles Lakers point guard Magic Johnson has held many roles with the franchise since hanging up his sneakers for good. Actually he served, briefly, as the club's head coach before un-retiring, briefly, during the 1995-96 season to return as a veteran reserve.

He owned a piece of the franchise for decades (winning five additional championships in that capacity, beyond his five as a player) before cashing out his shares, then returned once again to try his hand in a front office role, again briefly.

Now, per Tim Reynolds of the Associated Press, the former 12-time All-Star and three-time league MVP has revealed that many prospective ownership groups have reached out to him about other opportunities with different franchises, but there's only one NBA team with which he wants to be involved now.

“I think because of the way fans love basketball you might have to think about that one, because I love coming to New York and going to the Garden and watching the Knicks play,” Johnson said. “I love being with fans who are so passionate about their team and the Knick fans are, and they’re smart. They’re smart basketball fans and so that one I would have to think about. I think that other than that, I would probably never think about ever being a part of another franchise.”

“That one you would really have to think about, in terms of being a minority owner of that team,” Johnson continued. “But other than that, I would just stay with the Lakers and even with my role now, just being a fan, I’m happy just doing that with the Lakers because, again, I bleed purple and gold.”

Johnson has a pretty diverse sports team ownership portfolio, with or without an NBA club. He currently owns pieces of the MLB's Los Angeles Dodgers (with whom he won a title in 2020), the WNBA's Los Angeles Sparks (with whom he won a championship in 2016), MLS's Los Angeles FC (with whom he won an MLS Cup in 2022), and most recently the NFL's Washington Commanders.

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