Magic Johnson now has five teams in his investment portfolio.
As AFROTECH™ previously reported, the NBA-legend-turned-serial-entrepreneur has ownership in the MLB’s Los Angeles Dodgers, MLS’s Los Angeles Football Club, WNBA’s Los Angeles Sparks, and NFL’s Washington Commanders.
Now, he is announcing his involvement with a fifth team. “CBS Mornings” reports he joined the investor group for the National Women’s Soccer League (NWSL) team Washington Spirit, which is led by Michele Kang, the first woman of color to have majority ownership in the NWSL. The pair first met in Los Angeles, CA, and immediately connected over a shared excitement for the growing popularity in women’s soccer in the U.S.
“I’m so excited to join the Washington Spirit’s investor group at such a pivotal time in the club’s history! Partnering with a visionary like Michele Kang and her team to advance the growth of the Washington Spirit and the NWSL is an incredible opportunity,” Johnson wrote on Instagram.
Kang commented in an interview with “CBS Mornings”:
“I mean to say that we’re — all of us at the Spirit’s and women’s football, women’s soccer in the US — that we’re incredibly honored to have Magic be part of this community is probably an understatement. I think his legendary success on the basketball court is something that everyone knows, but as you guys have been talking about, his involvement in mentoring young children and providing sort of the dreams and hopes to them is something just that no one can match, and we’re just incredibly honored to have him as part of our community.”
While the two are looking to win championships, Johnson says what is also at the forefront is ensuring the athletes will have secure futures beyond the sport.
