Magic Johnson news stories on Newser

Magic Johnson Group Buys Dodgers for $2B

Rob Quinn — Wed, 28 Mar 2012 04:29:34 CDT

The Los Angeles Dodgers will become the most expensive sports franchise ever sold under a deal reached between owner Frank McCourt and a group led by Magic Johnson. The $2.3 billion all-cash deal includes $2 billion for the team, and $150 million for a joint venture on land surrounding...

Obama, NBA Stars Play Hoops for Troops

M. Morris — Sun, 08 Aug 2010 16:55:12 CDT

President Obama played basketball today with a constellation of NBA stars and a ringer from the national champion UConn women's team. Service members injured in action and participants in the White House mentoring program watched, but the press pool waited outside, the Washington Post reports. Retired stars Magic Johnson and...

Khloe Kardashian Meets Obama

M. Morris — Mon, 25 Jan 2010 16:49:48 CST

You work hard your whole life, you become a professional basketball player, you win the NBA championship, you attend a White House ceremony honoring that feat—and the headlines say, "Khloe Kardashian meets President Obama." That's the fate of Kardashian's husband, Lamar Odom, and his Los Angeles Lakers teammates, who...

Magic Johnson: Isiah Spread Rumors I Was Gay

Nick McMaster — Thu, 22 Oct 2009 16:41:24 CDT

Magic Johnson blames former friend Isiah Thomas for spreading rumors that Johnson was gay after he announced he had HIV in 1991. "Isiah kept questioning people about it,'' Magic writes. "I couldn't believe that. The one guy I thought I could count on had all these doubts. It was...

March Madness: It All Started With Larry and Magic

Kevin Spak — Tue, 17 Mar 2009 12:16:00 CDT

March wasn't always so mentally unstable. A new book claims the whole college roundball craze started 30 years ago, when Michigan State and Indiana State—and their stars, Magic Johnson and Larry Bird—met in the title game. “You couldn't have asked for a better dynamic between these two central...

B-Ball Stars Say Obama's Got Game

Drew Nelles — Sun, 15 Feb 2009 17:37:38 CST

Basketball stars of today and yesterday have dissected President Barack Obama’s game on CNN, the Swamp blog reports. "He's smart at the game," Magic Johnson said today, watching a clip of the president shooting hoops. “He sees the play before it develops. That is how he is running the country....

Beverly Hills Turf War Splits Wealthy Residents

Victoria Floethe — Wed, 19 Nov 2008 20:58:45 CST

A turf war has broken out between two upscale Beverly Hills enclaves, home to the likes of movie mogul Sumner Redstone and basketball legend Magic Johnson, the Los Angeles Business Journal reports. Residents of North Beverly Park got fed up with nannies and other employees of their South Beverly Park...

Johnson Brings Magic to Urban Development

Sam Gale Rosen — Wed, 16 Apr 2008 14:29:25 CDT

Amid the subprime and recession chaos sits a gleaming urban development fund that has banked $1 billion with basketball legend Magic Johnson at the helm. The Canyon-Johnson Urban Fund has already completed major projects in Hollywood and Chicago, reports the LA Times , and, Johnson says, "The potential for revitalization in...

Blackstone Lobbying Backfires

Jonas Oransky — Fri, 21 Sep 2007 20:10:00 CDT

Private equity firms launched their first coordinated effort at lobbying this year—and overshot by a long stretch, Bloomberg reports. Blackstone and 11 other firms joined hands to fight a tax hike on carried interest—fund managers' share of profits—and have gone so far as to argue that the...