Magic Joins Gretzky and McNall in Ownership of Preakness Entry

The Lakers’ Magic Johnson has teamed with Wayne Gretzky and Bruce McNall of the Kings in the horse racing business.

Johnson has joined Gretzky and McNall in a partnership in Honor Grades, an entry in the Preakness Stakes. Johnson has 25% interest in the horse.

Chris McCarron will ride Honor Grades, the nearly full-blooded brother of last year’s Preakness champ Summer Squall.

McNall, Summa Stable owner, encouraged Johnson to step into horse racing.

“It is a great thrill to be involved with Bruce McNall and Wayne Gretzky from a business standpoint,” Johnson said in a news release. “Both men are class acts in their many endeavors and I am looking forward to a magical moment at the Preakness next Saturday.”