He is a part-owner of the Los Angeles Lakers, his former NBA team, through a group that purchased the franchise in 2010. Acquiring a stake in a major league franchise like the Dodgers involves a rigorous approval process by other team owners and requires substantial capital investment.
Magic Johnson Not Dodgers Owner: Clarifying His Actual Stake
Additionally, he has been involved with the Los Angeles Sparks of the WNBA. His business activities and investments are separate from the Boehly-led group that controls the team.
His focus has traditionally been on media, entertainment, and businesses that align with his brand. A definitive statement from either party would likely only be issued if the narrative became distracting or if a formal partnership were being considered.
Magic Johnson Not Dodgers Owner, Confirms Separate Investment Portfolio
While he is a seasoned investor, his public portfolio does not include stakes in the Dodgers. This ownership group is led by Mark Walter, with Todd Boehly playing a significant role following a restructuring of the investment in recent years.
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