Magic Johnson and Los Angeles Dodgers chairman Mark Walter have joined forces to buy the Los Angeles Sparks of the WNBA, which means the franchise will remain in Los Angeles, ESPN.com reported Tuesday.
The purchase of the Sparks is being made separately from Walter and Johnson’s ownership of the Dodgers, a source told ESPN.com. The price Johnson and Walter will pay to purchase the Sparks is unclear.
The Sparks are one of the eight original WNBA franchises, but the franchise’s status has been uncertain since Christmas. That’s when the previous owner, Paula Madison, told the WNBA and Sparks employees that her company could not operate the team any longer.
She told the Associated Press that her family lost $12 million on the franchise since purchasing it from the Buss family in 2007.
The league took control of the Sparks at that point and started looking for new owners. ESPNW reported the Golden State Warriors owners were interested in buying the team and moving it to the Bay Area.
The decision by Johnson and Walter to buy the franchise means the franchise can stay in Los Angeles. It also means logistical issues regarding scheduling and player signings can continue.Follow @exnbadotcom
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