Magic Johnson Leads Group to Buy L.A. Dodgers for $2 Billion: 10 Black Sports Franchise Owners
Magic Johnson continue to prove that he can score big as an entrepreneur. Johnson and several entrepreneurs purchased the L.A. Dodgers for $2 billion. Johnson and the group, Guggenheim Baseball Management, beat out two other finalists to secure the franchise that went bankrupt due to mismanagement.
Johnson once owned a percentage of the L.A. Lakers, but decided to sell his stake in order to focus his resources on the Dodgers acquisition.
Here are the top 10 black owners of pro sports franchises.