Does Magic Johnson have a Starbucks?

While Magic Johnson owned Starbucks stores, he sold his 105 Starbucks franchises back to the company in 2010. As per the Los Angeles Times, Johnson was looking to invest in sports after some time.

Does Magic Johnson have a Starbucks?

While Magic Johnson owned Starbucks stores, he sold his 105 Starbucks franchises back to the company in 2010. As per the Los Angeles Times, Johnson was looking to invest in sports after some time.

How many Starbucks does Magic Johnson have?

All-time NBA great Magic Johnson sold his 105 Starbucks franchises just one day after selling his share of the Los Angeles Lakers. So how much cash did Johnson pocket?

When did Magic Johnson invest in Starbucks?

1998
Johnson made a deal with Starbucks in 1998 to bring the coffee corporation to the inner city, a move he called “what really stamped me as a serious businessman” on the Kneading Dough podcast, according to CNBC.

Does Magic Johnson own the LA Dodgers?

Magic Johnson is a part-owner of the Los Angeles Dodgers Johnson joined controlling partner Mark Walter to form Guggenheim Baseball Management. The group, consisting of six individuals, successfully purchased the Dodgers for $2 billion, setting a record for the highest price a sports team has ever sold for.

How much did Magic Johnson sell his Starbucks for?

He sold 105 coffeehouse franchises back to the company for a reported $75 million. Johnson would not disclose the financial terms of the two deals. Johnson will keep his position as Lakers vice president and will continue to work with General Manager Mitch Kupchak.

What percent of Starbucks does Magic Johnson own?

Former Laker star Magic Johnson is selling off some business assets. Johnson recently sold his 4.5 percent ownership stake in the Los Angeles Lakers to Dr.

Is Magic Johnson still part owner of the Dodgers?

Magic Johnson is a part-owner of the Los Angeles Dodgers Once the team went up for sale, Magic came to the rescue. Johnson joined controlling partner Mark Walter to form Guggenheim Baseball Management.

Is Magic Johnson part owner of the Los Angeles Lakers?

Combining his playing career and sports ownership career, Johnson has 10 NBA championships, five each as a player and later as a minority-owner of the Lakers.

What companies do Magic Johnson own?

Johnson continues to expand his influence through a number of other investments. He currently has controlling interests in EquiTrust, a $17 billion financial services company, ASPiRE, an African-American television network, and SodexoMAGIC, a food service and facilities management company.

Does Magic Johnson own Pepsi?

When BLACK ENTERPRISE’s Earl G. Graves Sr. and Magic Johnson completed the $60 million transaction to own a Pepsi franchise in July 1990, their achievement became the deal-making choice of a new generation; growth through partnership and acquisition.

Does Magic Johnson own Starbucks?

While Magic Johnson owned Starbucks stores, he sold his 105 Starbucks franchises back to the company in 2010. As per the Los Angeles Times, Johnson was looking to invest in sports after some time.

Was the Starbucks deal a’game-changing deal’for Bill Johnson?

In a CNBC interview, Johnson later stated that the 1998 Starbucks deal was a ‘game-changing deal’ for him that put him ‘on a path of success’.

Who is the owner of Starbucks?

Who owns Starbucks? Howard Schultz is the founder and the single-largest shareholder of Starbucks, also being the former CEO of the company. As per reports, Johnson wanted to bring Starbucks to the ‘inner city’ and convinced Schultz that the stores would work there.