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Monday, October 25, 2010

Magic Johnson's Possible NFL Plans

Former Laker great, Earvin "Magic" Johnson, just sold his share of the Los Angeles Lakers along with his 105 Starbucks franchises at a ballpark of around 100 Million dollars.

As the stock certainly isn't dropping in either of his assets we are left with the question of "why?" Rumors around the NBA have circulated that Magic was looking into joining the Pistons or the Warriors new ownership groups, but the Los Angeles Times reporter, Broderick Turner, recently has pointed out that Johnson does not plan buying into the NBA franchises nor does he plan on looking at the Dodgers as a possible purchase as the McCourt divorce finalizes. So, again, we are left with the 100 Million dollar question of "why?".

With the inevitability of relocation occurring within the Chargers, Jaguars, or Raiders franchises in the near future Johnson's comments about "really, really..." wanting the NFL to come back to Los Angeles gave us enough to speculate that his newest wad of cash could mean we are a step closer to receiving a 33rd NFL franchise.

California "Governator" Arnold Schwarzenegger signed a bill and cut the tape on a project to begin building a new stadium in Los Angeles in 2009 that would hold over 75,000 fans and would be a perfect home to the rebirth of the NFL in Los Angeles.

The exact details of what Johnson is going to do with his money have not yet been released, but with these new rumors floating around, Los Angeles football fans can sit tight and hope that Earvin brings some more magic back to L.A..