Magic Johnson sells Lakers shares

Updated: October 18, 2010, 8:01 PM ET
ESPN.com news services

Magic Johnson has sold his shares in the Los Angeles Lakers, the team announced on Monday.

Dr. Patrick Soon-Shiong, a Lakers season-ticket holder for 25 years, bought Johnson's stake in the team for an undisclosed sum.

"I am truly humbled to have been a Lakers player for 13 years and an owner for over 10 years," Johnson said in a statement. "I thank Dr. [Jerry] Buss from the deepest part of my heart and soul for allowing me such an incredible opportunity. I will continue to work alongside ...

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