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Report: Johnson interested in buying Clippers

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Magic Johnson is interested in buying the Los Angeles Clippers, according to Yahoo Sports.

Johnson, who said Sunday that Clippers owner Donald Sterling should lose his team after allegedly making a series of racist comments caught on an audio recording, is backed by a group of billionaires who already own the Los Angeles Dodgers.

Johnson and his Guggenheim Partners reportedly want a chance to purchase the team.

“Magic’s absolutely interested,” one source closely connected to Johnson’s business interests told Yahoo Sports on Sunday night.

Johnson and the Guggenheim group want to build a Southern California sports empire and have reportedly been trying to buy the Los Angeles Lakers, though the Buss family has no interest in selling.

They also bought the WNBA’s financially-struggling Los Angeles Sparks earlier this year after it faced the possibility of folding.

“This is 100 percent Magic’s plan,” a league official intimately involved in the buying and selling of franchises told Yahoo Sports.

Sterling could sell the team for more than $1 billion. The Guggenheim group is reportedly worth more $200 billion.

Commissioner Adam Silver has yet to make an announcement regarding possible sanctions toward Sterling. Only the owners can force Sterling to sell the team.

Up to the minute news and reports from the news wire of The Sports Xchange.

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