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LOS ANGELES, CA - SEPTEMBER 15: Ervin "Magic" Johnson reacts to the run of Shane Victorino #8 of the Los Angeles Dodgers to trail the St. Louis Cardinals 2-1 during the first inning at Dodger Stadium on September 15, 2012 in Los Angeles, California. (Photo by Harry How/Getty Images)

Former NBA player Magic Johnson owned a 4.5% share of the Los Angeles Lakers that he sold in 2010. In 2012 Johnson joined a group of investors who took up ownership of the Los Angeles Dodgers.

Athletes who own sports franchises

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Former and current professional athletes have taken that hard-earned cash and invested it in sports franchises. Take a look at some of the notable athletes who have joined the business side of the sports world.