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LAKERS REMAIN PART OF MAGIC'S KINGDOM; AGENT PLANS IN LIMBO?
Published April 14, 1998
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).