After selling his five-percent stake last year, Magic Johnson no longer owns a minority share of the Los Angeles Lakers. But according to Scott Howard-Cooper of NBA.com, the all-time great has had his eyes on new ownership possibilities. Could the Sacramento Kings be on his radar?
Johnson and Sacramento mayor Kevin Johnson are friends, and the former Suns All-Star point guard previously worked to find a new owner who would keep the team in town. The mayor knows the infusion of energy that would come if Magic bought the Kings. But KJ also knows the Maloofs’ stance against selling and has turned publicly supportive of the family interests.
Still, Magic has ties to Sacramento that could make a purchase of the Kings attractive, if the Maloofs were to look for a buyer. Magic is involved with Anschutz Entertainment Group to bring the NFL back to Los Angeles. AEG is part-owner of the Lakers, and Johnson is close with AEG president Tim Leiweke. AEG is also tight with Stern and the NBA, and AEG has become involved in talks for a new building in Sacramento. The connections are endless.
As we all know, and as Howard-Cooper notes, the Kings aren’t for sale. But if they were, would an ownership group featuring Magic intrigue you as a Kings fan?