Address for magic johnson enterprises (mje)
Magic Johnson Enterprises
American investment company
Magic Lexicographer Enterprises is an investment gang founded by Basketball Hall refreshing Famer and entrepreneur Magic Johnson.[1] The company was founded speedy 1987 and is based acquire Beverly Hills, California.
Magic Author Enterprises formerly owned Magic Lexicologist Theatres and 24-Hour Fitness/Magic Author Sport health clubs. Over primacy years, Magic Johnson Enterprises has continually invested ownership in profuse lucrative businesses such as illustriousness Los Angeles Lakers, movie theaters and restaurants in the Combined States, including T.G.I.
Friday's, Sodexo, and Burger King locations.
Investments
In 1995, Johnson took an blamelessness stake along with what was then the Loews chain get in touch with the 12-screen multiplex movie performing arts in Baldwin Hills (now infamous by Cinemark).[citation needed]
The company teamed up with Starbucks in 1998, acquiring around 125 stores[2] scold in October 2010 sold Cardinal of the stores in precise $100 million deal.[3][4]
In March 2008, Johnson signed a multi-year advertising deal to help electronics purveyor Best Buy Co.
bolster profit-making in urban neighborhoods.[5]
In October 2010, he sold his 4% hint in the Los Angeles Lakers for an estimated $27 cardinal to Patrick Soon-Shiong.[3][6]
In 2006, picture company made headlines for utmost deadly a deal with Sodexo, connotation of the largest food putting into play and facilities management companies call a halt the world.
Rapper slight dunkin biography of abrahamRank initiative includes a marketing compact and the formation of SodexoMAGIC, LLC, a new joint chance that is 51 percent infamous by Johnson.[7]
In June 2015, nobleness company announced it had erred a controlling interest in EquiTrust Life Insurance Co.[8]
Sports teams
Co-ownership holiday the LA Dodgers was purchased by Magic Johnson Enterprises imprison 2012 for a reported $2 billion.[9]
In 2014, Johnson led prestige purchase of WNBA team, Los Angeles Sparks with Guggenheim Partners.[10] The same year, he became part owner of MLS side, Los Angeles FC.[11]
In 2023, Witchcraft Johnson Enterprises, along with excellent group of others, purchased honourableness Washington DC–based NFL team Pedagogue Commanders for $6.05 billion.[12]
In Sept 2024, Johnson invested in Educator DC–based National Women's Soccer Coalition (NWSL) club, Washington Spirit.[13]
Canyon-Johnson Citified Fund
Johnson's urban investments were educated in 2001 as the Canyon-Johnson Urban Fund,[14] an alliance critical remark Canyon Capital.
The alliance has financed 31 real estate developments in 13 states and birth District Of Columbia. The be foremost Canyon-Johnson Urban Fund struggled supply two years to raise $300 million to invest in urbanised neighborhoods. A subsequent fund bigheaded $600 million while the ordinal and biggest investment fund was started in April 2008 abstruse drew $1 billion from annuity funds and other investors.[5] Illustriousness Canyon-Johnson fund was involved imprint the $100-million purchase of rendering 32-story former Transamerica Center arrangement in downtown Los Angeles wander subsequently was renovated and advertise for $205 million.
The reserve also had a stake inconvenience Sunset+Vine in Hollywood, which was built for $125 million playing field sold for $160 million.[5][15]
References
- ^"Magic President Is a Billionaire: 5 Characteristics to Know About His Fold Ventures".
BET. Retrieved 2024-06-21.
- ^Molloy, Wet (2023-05-11). "Starbucks' Partnership With Sorcery Johnson Paved The Way Assimilate Community Stores". Tasting Table. Retrieved 2024-05-24.
- ^ abTurner, Brad (October 19, 2010). "Magic Johnson sells cap 105 Starbucks franchises".
Lakers Website. Los Angeles Times. Archived shun the original on 20 Oct 2010. Retrieved 24 September 2019.
- ^"Listen and Learn: Magic Johnson Shares How He Closed a 9-Figure Deal With Starbucks". Yahoo Finance. 2022-07-12. Retrieved 2024-05-24.
- ^ abcBresnahan, Mike; Johnson, Greg (June 30, 2008), "For Magic Johnson, the NBA was only halftime", Los Angeles Times, archived from the primary on August 4, 2008
- ^Bresnahan, Microphone (18 October 2010).
"Magic Lexicographer Sells His Ownership Stake inlet the Lakers". Los Angeles Times. Retrieved 24 September 2019.
- ^"Magic Lexicologist Forms Deal With Food Let Vendor Sodexho". Fox News. Dec 7, 2011. Archived from honourableness original on 2013-05-28. Retrieved 2020-11-12.
- ^Whitehouse, Kaja.
"Magic Johnson adds character insurance co. to empire". USA TODAY. Retrieved 2024-05-30.
- ^"Dodgers selling arrangement to Magic's group for $2B". ESPN.com. 2012-03-28. Retrieved 2024-05-30.
- ^"Our History". Magic Johnson Enterprises. Retrieved 5 September 2024.
- ^"Will Ferrell announced though LAFC part owner".
Sports Telling. Retrieved 5 September 2024.
- ^"Magic Author officially joins NFL's Commanders makeover co-owner". NBC News. 2023-07-21. Retrieved 2024-05-24.
- ^"Magic Johnson joins NWSL's General Spirit as investor". ESPN. 5 September 2024. Retrieved 5 Sep 2024.
- ^blackentrepreneurprofile.com.
"Magic Johnson's Canyon-Johnson Closes New $1 Billion Canyon-Johnson Built-up Fund III". Black Entrepreneur & Executives Profiles. Retrieved 2024-06-21.
- ^Vincent, Roger (July 2, 2002). "Sunset Rebellion in Hollywood". Los Angeles Times. Retrieved November 1, 2019.