Earvin Johnson may be about to throw a lifeline to the sinking L.A. Sparks' basketball team.
Wednesday morning, Magic will be at a news conference with WNBA president, Laurel Richie, at Staples Center.
Sources tell me that Magic, who has been a long-time supporter of the Sparks, may be part of a group that will buy the team and keep the Sparks in Los Angeles.
The Sparks have been in limbo since last December when team owner, Paula Madison, announced that she could no longer run the organization because of huge financial losses.
Employees were informed via email on New Year's Eve that their jobs had been terminated and the L.A. Sparks were effectively "dead in the water".
The WNBA started looking for new local ownership and I reported here, last week, that more than one local group was interested in buying the team as well as the NBA's Golden State Warriors who are looking for a summertime attraction for their proposed new arena in the Bay Area.
In recent days, there was increased optimism that the Sparks might stay in L.A. and Magic Johnson's name was in the mix. Magic's spokesperson would not comment on the issue when I called him today, but it appears, that Magic Johnson will save the day for Los Angeles women's professional basketball as he did so many times over the years for the Los Angeles Lakers.
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