BREAKING NEWS: Excitement Hits Los Angeles — Lakers Legend Magic Johnson Returns as Co-Owner in Monumental Franchise Announcement
In a stunning and emotional development that has electrified the basketball world, the Los Angeles Lakers have announced that franchise icon Earvin “Magic” Johnson will return to the organization in 2025 — this time as a co-owner.
The news was made official by Jeanie Buss, controlling owner and president of the Lakers, in a heartfelt statement that acknowledged Magic’s lasting legacy and his new role in shaping the team’s future.
“Magic has always been — and always will be — the heartbeat of the Los Angeles Lakers,” Buss said. “Today, we’re honored to officially welcome him back home as a co-owner and partner in this great organization.”
A Full-Circle Moment
Magic Johnson, who led the Lakers to five NBA championships during the Showtime era of the 1980s, has long been considered the soul of the franchise. His return in a leadership and ownership role is being hailed as a “full-circle moment” for both the team and the city of Los Angeles.
Sources close to the organization say Johnson will not only have a financial stake in the team, but will also play an active role in front office strategy, community initiatives, and global brand development.
“This is about legacy,” Magic said in a statement following the announcement. “The Lakers are family to me. I’m coming back not just to win — but to build, inspire, and make sure the Lakers continue to lead on and off the court.”
Reaction from the NBA World
The reaction across the NBA has been swift and overwhelmingly positive. Legends, current players, executives, and fans alike took to social media to celebrate the news.
NBA Commissioner Adam Silver commented,
“Magic Johnson has been one of the greatest ambassadors the sport has ever known. His return as a co-owner is a powerful symbol of leadership, progress, and loyalty.”
LeBron James posted on Instagram:
“LEGEND. FAMILY. ICON. Welcome back, Magic!! Laker Nation just got stronger.”
What This Means for the Lakers
This move marks a new chapter in Lakers history — blending championship legacy with forward-looking vision. Johnson’s previous tenure as team president from 2017 to 2019 laid groundwork for future success, and his return in a long-term ownership capacity is expected to bring renewed energy and cultural unity to the franchise.
Insiders say Magic’s presence will also be central to the Lakers’ push for sustained dominance, with significant influence in basketball operations, talent development, and league-level initiatives.
Jeanie Buss added,
“This is more than business — it’s personal. Magic helped build the Lakers. Now he’s here to help lead them again.”
Looking Ahead
Magic Johnson’s return as co-owner is set to officially begin at the start of the 2025–26 NBA season, coinciding with the team’s push to compete for its next championship banner.
From his unforgettable no-look passes to his leadership off the court, Magic Johnson has always been synonymous with Lakers greatness — and now, he’s back to help write the next chapter.
Laker Nation, your Magic is back.
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