Interesting. Magic Johnson nixes his dalliance with buying Ebony and Jet magazines just as Bob Johnson’s sale of the Bobcats comes down to the wire and doubts arise about Michael Jordan’s ability — or even willingness — to step up to buy the Bobcats.
Unlike Jordan, Magic does have a track record of outside investments doing well, as opposed to simple endorsement deals. And at the same time you know that David Stern would love to have Magic’s starpower hitched directly to the league — even more so when paired with Michael.
So I don’t know. I still think it comes down to Michael not wanting to be the guy in the organization. But the timing of Magic’s pullout gave me pause.
