Earvin "Magic" Johnson and WNBA President Laurel Richie (center) pose beneath Johnson's Lakers sculpture outside Staples Center Wednesday. Joining Johnson to announce the acquisition of the Los Angeles Sparks by Johnson and Dodgers co-owner Mark R. Walter. are (from left): Sparks point guard Lindsay Harding, head coach Carol Ross, general manager Penny Toler, former Sparks star Lisa Leslie  and team president Vincent Malcolm. (Photo by Lee Michaelson)
Earvin "Magic" Johnson and WNBA President Laurel Richie (center) pose beneath Johnson's Lakers sculpture outside Staples Center Wednesday. Joining Johnson to announce the acquisition of the Los Angeles Sparks by Johnson and Dodgers co-owner Mark R. Walter. are (from left): Sparks point guard Lindsay Harding, head coach Carol Ross, general manager Penny Toler, former Sparks star Lisa Leslie and team president Vincent Malcolm. (Photo by Lee Michaelson)

Magic group purchases LA Sparks

By The Sports Network
February 5, 2014 - 2:03pm

Los Angeles, CA (SportsNetwork.com) - A group led by Magic Johnson and some of his partners with the Los Angeles Dodgers has purchased the Los Angeles Sparks.

Johnson and Dodgers controlling owner Mark Walter will head the investment group that also includes Dodgers co-owners Todd L. Boehly, Robert L. Patton and Stan Kasten.

"We are thrilled to welcome Magic Johnson and Mark Walter to the WNBA," said WNBA president Laurel J. Richie in a statement Wednesday. "With their proven track record in the business realm, their commitment to the city of Los Angeles through civic engagement, and their passion for the game of basketball, we look forward to partnering with our new owners to usher in a new era for this iconic team."

The Sparks had been owned by Williams Group Holdings, which reportedly told the WNBA in December of its plans to walk away from the franchise.

"This is a great day for the city of Los Angeles and the Sparks," said Johnson in the league's release. "Th