Who would’ve thought NBA Legend and Hall of Famer Earvin “Magic” Johnson would trade in his purple and gold for black and silver. Well, maybe in a different context. The Los Angeles Lakers legend and entrepreneur and his company, Magic Johnson Enterprises is thinking just that. Reports surfaced late Friday that Magic Johnson is interested in buying a stake of the Las Vegas Raiders.
And why not? Magic Johnson is one of the most successful former athlete entrepreneurs on planet earth. From owning a minority stake in the Los Angeles Dodgers, to restaurants, numerous Starbucks and movie theaters across the U.S . Magic has just about done it all. It’s unbelievable that it has been 30-years since his retirement; however, Magic has never stopped working and providing opportunities for the community and causes he feels passionate about.
Magic Johnson Enterprises stands on “Magicizing”, a philosophy that believes in bringing brand value and key insights of urban appeal to a company’s brand, product and services. While only speculation, it is reported that Magic Johnson, along with a team of key investors are in deep negotiations with the Davis family to come to a deal. The terms of the deal are unknown; however, it is reported that the club will have an estimated valuation of around 6.5 Billion, ranking the club amongst the top five valued sports franchises in the U.S.
From Lansing Michigan, where Magic Johnson began his career as a janitor in an office emptying trash cans, to running a successful company now worth an estimated 600 Million, Magic Johnson is a true testament of hard work and perseverance.
