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Los Angeles Dodgers\r - In a groundbreaking deal inked in March 2012, former L.A. Laker star Earvin "Magic" Johnson and a group of investors purchased the Los Angeles Dodgers for a record sum of $2 billlion.   (Photo: Kevork Djansezian/Getty Images)

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Comcast Cable - In February 2012, Johnson announced that he will partner with cable giant Comcast to launch his own branded channel. Johnson's deal came as part of a mandate given to Comcast to support minority-owned networks. Like Johnson, Music mogul Diddy will also launch a channel. (Photo: Amanda Edwards/Getty Images)

Photo By Amanda Edwards/Getty Images

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Vibe Holdings - Magic Johnson Enterprises and Ron Burkle’s Yucaipa Companies made a strategic investment in Vibe Holdings LLC that is expected to help “invigorate” and bring new energy to the company, which owns VIBE magazine and Soul Train. In his new role as chairman of Vibe Holdings, Johnson is expected to use his extensive business connections to create new partnerships.(Photo: Francis Specker /Landov)

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Sodexo - Sodexo Inc. joined forces with Magic Johnson Enterprises in a joint venture called SodexoMAGIC LLC in 2006 to provide services for businesses. Some of the services provided by SodexoMAGIC include: food and facility management, environmental services, vending, groundskeeping, housekeeping and asset management.\r(Photo: Courtesy of Sodexo)

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Aetna - In January 2008, Aetna and Magic Johnson Enterprises launched a venture to empower businesses and ethnically diverse communities to improve health care literacy, showing them the benefits of wellness, exercise and healthy eating, among other initiatives.\r(Photo: Aetna – Courtesy of Aetna)

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Best Buy - Magic Johnson Enterprises entered into a multiyear relationship with Best Buy Co. in February 2008 to help the consumer electronics retailer strengthen its presence in urban communities.(Photo: UPI Photo/Roger Williams/Landov)

Photo By Photo: UPI Photo/Roger Williams/Landov

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AMC Magic Johnson Theaters - In 1994, Magic Johnson Enterprises formed a partnership with what was then the Sony Entertainment motion-picture exhibition group. Many mergers later, MJE became a partner with AMC Entertainment Inc. Before the Baldwin Hills, Los Angeles, location was built, Johnson met with leaders of the Bloods and Crips gangs and requested that they not shoot up his theater.(Photo: REUTERS/Keith Bedford /Landov)

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Magic Workforce Solutions - The staffing services company provides businesses with employees from multicultural communities. (Photo: Courtesy of Magic Workforce)

Photo By Photo: Courtesy of Magic Workforce

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Urban Coffee Opportunities/Starbucks - Johnson divested his interest in Starbucks, selling 105 of the franchises to the company in 2010. This venture was launched in 1998 and combined the retail strength of Starbucks with MJE’s knowledge of underserved communities in key metropolitan areas to bring Starbucks coffee houses to inner city areas.(Photo: Courtesy of Starbucks)

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T.G.I. Friday's - Carlson Restaurants Worldwide Inc. entered into a partnership agreement with Magic Johnson Enterprises to develop a Magic Johnson’s T.G.I. Friday’s restaurant in 1998. The location in Ladera, California, was designed to bring jobs and casual dining options to the community.(Photo: Courtesy of Magic Johnson’s TGIF)

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24 Hour Fitness - The branded 24 Hour/Magic Sport fitness centers are based in many of the markets where MJE has an established presence with other ventures.(Photo: Courtesy of 24 Hour Fitness)

Photo By Photo: Courtesy of 24 Hour Fitness

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Money Management - MJE’s capital management division offers a range of financial investment management services that focus on investing in retail, housing and businesses that facilitate growth in urban communities, including a newly established small-business private equity fund.\r(Photo: The Republican /Landov)