Pro Basketball
From Staff and Wire Reports
The Orlando Magic of the NBA was purchased by billionaire Rich DeVos, who paid a reported $85 million to a Florida group headed by William duPont III.
DeVos, co-founder and president of Amway Corp., said the acquisition was a family effort involving his wife, three sons and a son-in-law.
The expansion franchise, purchased for $32.5 million in April of 1987, will be operated by his oldest son, Dick DeVos, 35, who said there will be few changes.
Get our high school sports newsletter
Prep Rally is devoted to the SoCal high school sports experience, bringing you scores, stories and a behind-the-scenes look at what makes prep sports so popular.
You may occasionally receive promotional content from the Los Angeles Times.
