I’m Not Sure What Magic Johnson Has Brewing, But It’s Not A Caramel Macchiato
After selling off his 4.5% ownership stake in the Los Angeles Lakers on Monday, Magic Johnson sold back 105 Starbucks franchises back to the company yesterday. Most folks in the know are speculating that Johnson is liquidating his assets in order to be in a financial position to purchase an NBA franchise, which is the most likely scenario. The two business transactions he made this week alone were worth more than $100 million in his pocket.
However, could it be possible that Johnson is sick to his stomach – not from too many lattes or Frappucinos or whatever the hell they call those blasted beverages – it’s just that he cannot any longer know that he is a complicit party in the peddling of overpriced, overrated coffee to the ignorant, uninformed masses? Mom & Pop coffee shops are the only way to go, people.
Well, it’s either that or he’s trying to resurrect The Magic Hour. Who knows.
Magic Johnson sells his 105 Starbucks franchises [Los Angeles Times]