Magic Johnson

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Standing in front of a statue of himself, former Los Angeles Laker Magic Johnson talks during a news conference at Staples Center in Los Angeles on Wednesday, Feb 5, 2014. Johnson is part of a group buying the Los Angeles Sparks of the WNBA. (AP Photo/Nick Ut)

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Former Los Angeles Laker Magic Johnson is joined by former Los Angeles Sparks' Lisa Leslie under a statue of Johnson after a news conference at Staples Center in Los Angeles on Wednesday, Feb 5, 2014. Johnson is part of a group buying the Sparks of the WNBA. (AP Photo/Nick Ut)

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Former Los Angeles Laker Magic Johnson is joined by WNBA president Laurel Richie, as they pose for photographers after a news conference in front of Staples Center in Los Angeles on Wednesday, Feb 5, 2014. Johnson is part of a group buying the Los Angeles Sparks of the WNBA. At upper left is a statue of Johnson. (AP Photo/Nick Ut)

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FILE - This April 23, 2003 file photo shows former Lakers star Magic Johnson showing the view of downtown Los Angeles from the top floor of the 32-story Transamerica Center, in Los Angeles. A person familiar with the situation says Magic Johnson is part of a group buying the Los Angeles Sparks of the WNBA. The person spoke to The Associated Press on condition of anonymity because no official announcement has been made. The WNBA will officially announce the new ownership at a press conference on Wednesday Feb. 5, 2014 outside the Staples Center. (AP Photo/Nick Ut, File)

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Magic Johnson talks about his new Aspire network, which he called a "big platform" for black programming, with "family-driven content, positive images of African-Americans." (Associated Press)

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Magic Johnson's latest business venture is Aspire, a television network that went live last week in New York and promises family programming options for black audiences. (Associated Press)

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** FILE ** In this Nov. 21, 2008, file photo, basketball legend turned entrepreneur Magic Johnson tours the Sports Museum of America in New York. (AP Photo/Seth Wenig, File)

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FILE - In this Nov. 21, 2008 file photo, basketball legend turned entrepreneur Magic Johnson tours the Sports Museum of America in New York. A group that includes former Lakers star Magic Johnson and longtime baseball executive Stan Kasten agreed Tuesday, March 27, 2012 to buy the Los Angeles Dodgers from Frank McCourt for $2 billion. (AP Photo/Seth Wenig, File)

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Basketball legend turned entrepreneur Magic Johnson tours the Sports Museum of America in New York, Friday, Nov. 21, 2008. A group that includes former Lakers star Magic Johnson and longtime baseball executive Stan Kasten agreed Tuesday night March 27, 2012, to buy the Los Angeles Dodgers from Frank McCourt for $2 billion. (AP Photo/Seth Wenig)

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FILE - In this Oct. 27, 2009, file photo, Los Angeles Lakers coach Phil Jackson, left, shakes hands with former Laker Magic Johnson, right, before an NBA basketball game in Los Angeles. Johnson sold his small ownership stake in the Lakers to Dr. Patrick Soon-Shiong on Monday, Oct. 18, 2010. Johnson bought shares representing about 4.5 percent of the Lakers in June 1994 for a reported $10 million. Johnson said the sale was strictly a "bittersweet business decision," but the five-time league champion has long been interested in taking a larger ownership role in an NBA franchise. (AP Photo/Gus Ruelas, File)