Magic Johnson's Dodger Investment: $50 Million

Los Angeles, CA, USA; Magic Johnson poses for a photo with the Teenage Mutant Ninja Turtles, was on hand to throw out the first pitch before the game between the Los Angeles Dodgers and the St. Louis Cardinals at Dodger Stadium. Mandatory Credit: Jayne Kamin-Oncea-US PRESSWIRE

When a group of investors purchased the Los Angeles Dodgers last spring, we knew that a) the purchase price was roughly $2.15 billion, and b) one of the investors was Magic Johnson.

What we didn't know was how much money Johnson actually invested. Now we know. At least if you believe Magic:

Johnson answered that question in a segment that will appear on HBO's "Real Sports with Bryant Gumbel" Tuesday night at 10 p.m. PDT.

"I wrote a $50-million check," Johnson tells interviewer Joe Frankel. "The largest check in my life."

--snip--

Did Magic ever have second thoughts? "Only when I had to tell my wife. I said, 'Honey, sit down....'

How much is $2.15 billion? Incredibly, a dollar-for-dollar investment would mean that for his $50 million, Magic Johnson purchased only 2.3 percent of the Los Angeles Dodgers. Of course, it's possible that he got more, with his goodwill and his services counting for more than just his check.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.