Magic Johnson To Join Group That Owns Pistons?
by Packey on Aug 13, 2010 4:31 PM EDT
in Detroit Pistons News
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PrintMichigan native, but Laker4lyfe, Magic Johnson was approached about possibly joining a group that would own the Pistons. Magic told NBA.com that he'd be interested:
Johnson stressed he has not had any formal talks about either possibility, with other potential suitors or the Davidson family that put the team on the market, and that he would not be a majority owner because it would mean relocating from Los Angeles, the very reason some close to him note the Pistons are not a realistic match. But Johnson told NBA.com at the press conference leading up to Hall of Fame ceremonies tonight that "some people had called me and wanted me to [know] if I'm interested in being a part of a group to own the Pistons." [...]
[...] "Somebody back there has to be the majority owner. Be the owner," said Johnson, who would have to sell his interest in the Lakers to work for or own another team.. "That wouldn't be me. But if Ilitch or somebody -- you've got a good guy back there already in Joe Dumars. If somebody said, 'Hey, can you come and think about helping Joe Dumars?' then I would think about it.
Johnson was apart of the group that made a serious bid to buy the Warriors, but lost out to Joe Lacob and Peter Gruber. Can anybody say bandwagon-ass cat? But I guess I'd allow this if it happened.
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As an Angeleno, I must say I’ve been impressed with Magic’s business acumen. But, still, there’d be something just wrong about him owning part of the Pistons.
Really?
You obviously have only read the press clippings and not the balance sheets of all his businesses over the years.
Magic knows enough about Detroit, and the NBA and the need for the Pistons to stay in Detroit. I can’t see Magic taking the Pistons off to Vegas.
I love how the Pistons weren’t on the NBA radar at all on Monday morning, and now everybody is piling on. Hopefully this gets over with soon.
Agreed
I guess the fact that he would consider selling his stake in the Lakers to even be a minority owner speaks volumes about our Team. If NBA teams were traded publicly the Lakers would be the stock that everyone wants in their portfolio. I would be all for it, It would provide a behind the scenes slap in the face for " Lakeshow" fans everywhere.
Formerly known as SCNTFC!
Everyone owning stock in the Lakers would be smart to sell now.
2 Championships. Kobe at or around his peak. The NBA doesn’t really facilitate the whole “passing of the torch” dynasties thing. That’s kind of where Joe D messed up. It requires a complete or almost complete retooling. Ask Chicago. Ask L.A. There are down years for every franchise. The value of a team can go down at times like these. Ask Karen Davidson. So the Lakers are two years or so from having to pass the torch and start the downslope. So why wouldn’t Magic want to sell high. Especially as a minority owner. He buys into the Pistons when their down and trusts that Joe D can right the ship in the next 5 years or so. If so, he’s continued to have his investment grow, hopefully as the stones rebuild to part 3.
by Jerry_the_Mule on Aug 14, 2010 12:10 AM EDT up reply actions 1 recs
just wear a rubber
witty signature
by Mike Payne on Aug 13, 2010 8:56 PM EDT up reply actions 5 recs
Can we fit a third team in Los Angeles?
I think it’s worth a shot!
Because I'm the Lynch... and I'm awwwesome!
by Terrence J. Lynch on Aug 13, 2010 11:27 PM EDT reply actions
A bit OT...
Anyone find this plausible? “Rumor: Prince to Thunder?”
Link: http://network.yardbarker.com/nba/article_external/Rumor_Prince_to_Thunder/3034807.
Interesting
It’s clear the Thunder would be happy to add Prince, but what would they be willing to part with? Collison + Aldrich + 1st/2nd round 2011 draft pick might be intriguing for both sides..
Magic Johnson
Oddly, I wouldn’t mind this at all. He wouldn’t be a majority owner or anything but he could still have a say in a lot of things and I’m pretty confident he wouldn’t move the team either.
by Detroitsportsfan3 on Aug 14, 2010 9:28 AM EDT reply actions
I have no problem with Earvin Johnson owning part of the Pistons.
I think a tandem of Dumars & Johnson could lure valuable free agents to Detroit, and I would like a fresh perspective on how Joe has been running the team, Magic may be able to offer that.
I don’t want add player does not have blue collar mentality,
even if he is great player. Piston should not quit your job. - OK from J
Magic was my favorite non-piston as a kid.
But I’ve lost respect for him, because he’ll shill for any product regardless of its merit.
I'm still shocked by that
I always thought the two were great friends until after they retired. Guess not, however it’s always a sad day when you learn a close pal kept you off being part of one of the greatest congregations of all time
"Don’t really know shit about White other than he is a colon of Stuckey" - das SmittyJ
And here I thought I knew White like the palm of my hand
by bearded thundar on Aug 14, 2010 2:52 PM EDT up reply actions
when i was a young man i asked my mother how magic got AIDS. She said “He was living life in the fast lane.”
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