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Posted on October 22, 2010 | tags

 
 

Biz: Magic Johnson sold his Starbucks. Is a venti-sized deal next?

  • what Magic Johnson has been on a selling spree lately. A day after selling his share in the Lakers, he sold his 105 Starbucks franchises, many of which are known for being located in inner-city areas.
  • whyThere’s a rumor that Johnson wants to buy a sports team with his money. He’s made around $100 million from the sale of his two major investments, so he could afford something that big. source