{"id":126523,"date":"2025-06-26T15:16:19","date_gmt":"2025-06-26T15:16:19","guid":{"rendered":"https:\/\/www.rawchili.com\/nba\/126523\/"},"modified":"2025-06-26T15:16:19","modified_gmt":"2025-06-26T15:16:19","slug":"orlando-magic-not-for-sale-devos-family-confirms-despite-front-office-overhaul","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/nba\/126523\/","title":{"rendered":"Orlando Magic not for sale, DeVos Family confirms despite front office overhaul"},"content":{"rendered":"<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"NA\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.rawchili.com\/nba\/wp-content\/uploads\/2025\/06\/1750950979_844_NKWKHLYHWVDY7BT4DEIAFQKIEE.png\"  width=\"800\" height=\"670\"\/>Magic Vice Chair Alex Martins \u201cmade clear\u201d that the DeVos family has \u201cno plans to sell the franchise.\u201d Orlando Magic <\/p>\n<p class=\"c-paragraph sections-franchises \">Magic Vice Chair Alex Martins \u201cmade clear\u201d that the DeVos family has \u201cno plans to sell the franchise\u201d following its <a href=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2025\/06\/25\/magic-make-quartet-of-promotions-in-front-office\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2025\/06\/25\/magic-make-quartet-of-promotions-in-front-office\/\">front office reorg<\/a>, according to Jason Beede of the ORLANDO SENTINEL. Martins noted that the DeVos family not selling the team was the \u201cfirst thing\u201d Magic Chair\u202fDan DeVos\u202faddressed when he spoke to the organization\u2019s staff about the new leadership structure. Martins said, \u201cThey have no intention to sell and this is about transitioning ownership to the third generation, who has really embraced it. I could foresee them holding this team for a long time to come.\u201d Earlier this year, a group led by businessman Bill Chisholm agreed to purchase the\u202f<a href=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2025\/03\/20\/report-stg-partners-bill-chisholm-acquiring-celtics-for-61b\/?issueId=3JOCNPFCO5HH5ORX4TGRPUDHM4\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2025\/03\/20\/report-stg-partners-bill-chisholm-acquiring-celtics-for-61b\/?issueId=3JOCNPFCO5HH5ORX4TGRPUDHM4\">Celtics\u202ffor $6.1B.<\/a> Last week, the Buss family agreed to <a href=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2025\/06\/25\/mark-walters-lakers-acquisition-set-to-close-by-q4\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2025\/06\/25\/mark-walters-lakers-acquisition-set-to-close-by-q4\/\">sell majority ownership of the\u202fLakers<\/a>\u202fto PWHL and Dodgers owner Mark Walter for a franchise valuation at $10B (<a href=\"https:\/\/www.orlandosentinel.com\/2025\/06\/25\/orlando-magic-alex-martins-charlie-freeman-devos-family-nba-jeff-weltman\/\" target=\"_blank\" rel=\"nofollow noopener\">ORLANDO SENTINEL, 6\/25<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"Magic Vice Chair Alex Martins \u201cmade clear\u201d that the DeVos family has \u201cno plans to sell the franchise.\u201d&hellip;\n","protected":false},"author":2,"featured_media":81032,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3779],"tags":[7,7457,48,6,47,76,3883],"class_list":{"0":"post-126523","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-orlando-magic","8":"tag-basketball","9":"tag-leadership","10":"tag-magic","11":"tag-nba","12":"tag-orlando","13":"tag-orlando-magic","14":"tag-orlandomagic"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@nba\/114750330421040999","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/126523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/comments?post=126523"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/126523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media\/81032"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media?parent=126523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/categories?post=126523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/tags?post=126523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}