money deals

Wednesday, October 20, 2010

Another big bucks deal for Magic Johnson

Ex-NBA Star, Magic Johnson, must have some major plans in the works. The Los Angeles Times is reporting Johnson recently sold his 105 Starbuck franchises back to the parent company. Earlier this week it was announced, the former Laker superstar, unloaded his ownership interest in the Lakers. Both deals are worth around $100 million, according to the Times. More on Johnson’s wheeling and dealing here.