Reply With Quote
I thought it said Soon-Schlong.
I think he's gonna buy the Pistons.
http://www.nba.com/lakers/news/10101...oonshiong.html
EL SEGUNDO – Los Angeles Lakers legend and part-owner Earvin “Magic” Johnson has sold his share of the team to Dr. Patrick Soon-Shiong, it was announced today. The transaction price of Johnson’s share of the team is undisclosed.
Lakers majority owner Dr. Jerry Buss had this comment on the transaction: “The sale of Earvin’s share of the team is a business decision which will not change our relationship. Our friendship goes well beyond business. Patrick is a long-time and passionate Lakers fan and we are delighted to have him as a partner.”
Johnson, drafted by the Lakers with the first overall pick in the 1979 NBA Draft, played 13 seasons with the Lakers, leading the team to five championships (1980, 1982, 1985, 1987, 1988) and nine appearances in the NBA Finals. He was named NBA Most Valuable Player three times (1987, 1989, 1990), NBA Finals Most Valuable Player three times (1980, 1982, 1987) and All-NBA First Team nine times. He participated in 12 NBA All-Star games, winning Most Valuable Player honors in 1990 and 1992. A member of the United States Men’s National “Dream Team” that won the Gold Medal at the 1992 Summer Olympics in Barcelona, Johnson was named “One of the 50 Greatest Players in NBA History” in 1996 and was subsequently inducted into the Naismith Memorial Basketball Hall of Fame on September 27, 2002.
“After heavy deliberation and a weighing heart, I have decided to sell my share of the Lakers to Dr. Patrick Soon-Shiong. Dr. Soon-Shiong is a super Lakers fan, an outstanding businessman, a dedicated philanthropist and one of the most active community leaders in Los Angeles,” said Johnson. “I am truly humbled to have been a Lakers player for 13 years and an owner for over 10 years. I thank Dr. Buss from the deepest part of my heart and soul for allowing me such an incredible opportunity. I will continue to work alongside Dr. Buss, Jeanie Buss and Mitch Kupchak in their efforts to continually build and maintain the best NBA franchise in the league. This was a bittersweet business decision made on behalf of my family and myself, and I want to assure all the wonderful and loyal Lakers fans that my decision will in no way affect my dedication and support for the Los Angeles Lakers. I am and will always be a Laker for life.”
Dr. Soon-Shiong, a Lakers season seat holder for more than 25 years, is Chairman of the Chan Soon-Shiong Family Foundation, Chairman and CEO of All About Advanced Health and founder of the National Coalition for Health Integration. He is the Executive Director of the UCLA Wireless Health Ins ute and Professor of Microbiology, Immunology, Molecular Genetics and Bioengineering at UCLA. Dr. Soon-Shiong is a fellow of the American College of Surgeons and the Royal College of Physicians and Surgeons of Canada. In 1993, he performed the world’s first encapsulated human islet transplant and the first pig to man islet cell transplant in diabetic patients. He invented the nation’s first FDA approved protein nanoparticle delivery technology for the treatment of metastatic breast cancer, now approved in over 38 countries and currently in trials for lung, melanoma, gastric and pancreatic cancer. He is co-inventor of over 50 issued U.S. patents, has published more than 100 scientific papers and has founded two multi-billion dollar pharmaceutical companies, American Pharma Partners (APP) and Abraxis Bioscience (ABII). APP was responsible for the only safe supply of Heparin in the United States in 2008, and ABII achieved the nation’s first FDA approved blood-derived nanoparticle for breast cancer, doubling the response rate in patients with metastatic disease.
Dr. Soon-Shiong serves on the RAND Health Board of Advisors and the President’s Council at RAND, the Board of Trustees for Saint John’s Health Center in Los Angeles, the Advisory Board of the California NanoSystems Ins ute at UCLA, the Advisory Board for the Ins ute of Technology Advancement at UCLA School of Engineering, the Arizona Commerce Authority Board and the Board of Councillors of the USC Viterbi School of Engineering.
“It is an honor for me to be part of the Lakers family and the nation’s foremost basketball franchise,” said Soon-Shiong. “The Lakers’ leadership and spirit of community engendered by Dr. Jerry Buss and his family is an inspiration to us all. Our family looks forward to a future filled with the excitement this team brings to the city and the nation. Earvin Johnson is a shining example of excellence on and off the court, and it is a privilege to have acquired his ownership position.”
Last edited by TheMACHINE; 10-18-2010 at 02:45 PM.
I thought it said Soon-Schlong.
Damn, thats an accomplished doctor.
I havent heard bad news like this since the cancelation of "The Magic Hour"
" o Everybody!!"
Looks like some more hoodrat ass movie theaters are coming soon to a ghetto near you.
Mixed feelings about this one. Magic will always be a part of the Lakers and is woven into the fabric. Purple and Gold forever.
Are those the colors of an HIV test report?
tee, hee.
Great post, way to express your vanilla lakerfan opinion.
"purple and gold forever"....why is it lakers fans only say gay like that. I've never heard a Suns fan say "purple and orange forever
lol DoK...too easy...ill let it slide this time.Great post, way to express your vanilla lakerfan opinion.
"purple and gold forever
let what slide?lol DoK...too easy...ill let it slide this time.
Magic was interested few years ago to join a group which was to buy the Seattle Sonics. Apparently he was offered a much bigger role with the Sonics, and he was interested in selling his stake with the Lakers.
If MJ can be a majority owner of an NBA franchise, so could Magic I guess.
10% of the Lakers is worth around $60M per Forbes. Who know how much dr. Soon paid for the "honor".
The Pistons are available for sale. It will an irony if Magic buys that team as the Pistons prevented the Lakers from winning championships various times.
Last edited by dunkman; 10-18-2010 at 06:53 PM.
Vanilla, a little, mixed feelings a lot.Great post, way to express your vanilla lakerfan opinion.
"purple and gold forever
Magic lately has disparaged the Lakers, namely Kobe the last few years, and the boys keep winning. He's picked other teams to beat them, and maybe this was his motivation tactic, but he went out of his way to talk on a team he was part owner no less. Now being a homer is one thing, I know too well, but I felt he felt he was being overshadowed as the greatest laker by Kobe. Kobe eclipsed him last year. Soon there will be a bronze statue of Kobe right next to Magic.
Magic selling high...
Is he a buying a stake in the Heat?
magic too busy stealing money from LA citizens with his casino and loan shark companies.
Lol.
Lay out your argument that Kobe eclipsed Magic as the greatest Laker.
I don't think you're capable of even halfway supporting your claim, though, due to the fact that the chemicals you use to highlight your hair have sunk beneath your skull and killed too many braincells.
ok...so i guess the best player in the game shouldnt guard a 19yr old who is owning his team playing the same position.
GTFO.
The ship is sinking and the rats are starting to flee
....a smidge too late for the Magic & Celtics.
tee, hee.
So what. Kobe will buy over the Lakers after he retires anyway. LMAO @ all of you dumb s.
If you wanna go that route I've never heard a Celtics fan say something gay like "Green and White foreverWell, let me clue you in. One team is 16 and counting, while the other is 0 and forever. There's pride in winning...
Actually lakaluva would have a reason to say "green and white forever
Mark Jackson said so.
"Mama there goes that man!"
" o Everybody!!"
Walt Kolawski won't be happy
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
