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*After 10 years of owning a piece of the Los Angeles Lakers, former team member Earvin “Magic” Johnson has sold his share of the franchise to a long time season ticket holder for an undisclosed amount.

Johnson, who played 13 years for the Lakers, originally paid $10 million in 1994 for a 4.5% share of the team, and some speculate that the sale was orchestrated so that he can own a larger portion of another team later on.

http://www.eurweb.com/?p=58945

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