Magic Johnson faces backlash from Lakers fans over ownership deal celebration

Yahoo Sports1 min read • Latest: Aug 13, 2026, 11:06 AM

Last updated Aug 13, 2026

Magic Johnson faces backlash from Lakers fans over ownership deal celebration
Summary

Magic Johnson, a former part-owner of the Los Angeles Lakers, received criticism from some fans after he celebrated the franchise’s $12.5 billion purchase by Josh Kushner and Bob Iger. Johnson praised the new owners on social media, expressing confidence they would bring championships back to the Lakers. This deal occurs shortly after a previous ownership change involving Mark Walter. Discussions intensified on social media about the implications of the transaction, particularly concerning political ties and ongoing investigations into Walter’s company. The NBA’s Board of Governors is set to convene next month to review the ownership transfer.

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By the Numbers
  • Josh Kushner and Bob Iger buy Lakers for a record $12.5 billion.
  • Magic Johnson's support of the new owners drew fan backlash.
  • Ownership change follows previous stake acquisition by Mark Walter.
  • Debate continues over potential political influences on the deal.
  • NBA Board of Governors will discuss approval next month.
Latest Updates
  • 11:06 AMYahoo Sports‘Stop Lying,’ ‘How Much Are You Getting Paid?’ — Lakers Fans Turn On Magic Johnson Over Celebration of Record $12.5 Billion Sale
What they're saying
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Wednesday brought big news for Los Angeles Lakers fans as Josh Kushner and Bob Iger agreed to purchase the franchise in a record-setting $12. 5 billion deal.

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