After selling his interest in the Los Angeles Lakers and Starbucks Corporation (for over $100 million), Magic Johnson has been looking for the right investment opportunity to throw his giant sack of cash at. If his appearance on the Jimmy Kimmel show this week was any indication, it looks like a professional football team is at the top of his list.
For months, experts have speculated that Johnson was positioning himself to upstage Ari Gold and become the man who finally brings an NFL team to the L.A. area. Though it’s unclear how or when this would happen, Johnson took an important first step when he told a late-night television audience his intentions.
It looks like USC may not be the only Los Angeles football team paying players by the time they get off super-secret-double-probation in 2012.