sold it in 2010 Today owns part of the Los Angeles Lakers no longer owns a part of the Lakers Magic Johnson is selling his shares of the Lakers. Johnson said in a press release on the Lakers website purchased Magic Johnson is selling his shares of the Lakers. the NBA reports owns part of the Los Angeles Lakers sold his minority share for almost $60 million Today NBA.com purchased NBA.com purchased Magic Johnson is selling his shares of the Lakers. rundown Magic Johnson is selling his shares of the Lakers.