SBD/14/Franchises

LAKERS REMAIN PART OF MAGIC'S KINGDOM; AGENT PLANS IN LIMBO?

          Magic Johnson "has decided not to sell" his 5% stake in
     the Lakers and "instead will remain in his current position
     that also includes" the title of VP, according to Scott
     Howard-Cooper of the L.A. TIMES.  Johnson was looking to
     sell his stake "to divest himself of NBA holdings as a
     prerequisite to the planned opening of a sports management
     firm," which Howard-Cooper writes is "either history or on
     the back burner" (L.A. TIMES, 4/14).

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