How Magic Johnson Went From NBA Legend to Billionaire | The Deal

In this episode of The Deal, Alex Rodriguez and Jason Kelly talk with Magic Johnson, the iconic point guard for the Los Angeles Lakers. In their conversation, taped in front of a live audience at the Milken Global Conference, Johnson reveals what he's learned from his “greatest deal,” becoming part of the Washington Commanders ownership group. He also explains why pitching himself as a partner to the Starbucks board was the hardest thing he's ever done, and how much it meant to win an Olympic gold medal alongside Michael Jordan and Larry Bird.

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00:00 - 01:08 Introduction 01:08 - 03:22 How Alex & Magic met 03:22 - 05:42 Washington Commanders 05:42 - 08:30 Starbucks deal 08:30 - 09:53 Institutional capital 09:53 - 11:53 Choosing partners 11:53 - 14:30 Magic's advice to Alex 14:30 - 16:42 Magic on preparation and teamwork 16:42 - 23:30 Rapid fire

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