What teams does Magic Johnson own? Inside the NBA legend's portfolio of NFL, MLB franchises

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What teams does Magic Johnson own? Inside the NBA legend's portfolio of NFL, MLB franchises

//business-finance.news-articles.net/content/202 .. ba-legend-s-portfolio-of-nfl-mlb-franchises.html

Published in Business and Finance on Sunday, January 26th 2025 at 12:00 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

While Harris is the face, Washington's ownership group includes a variety of minority owners, including Magic Johnson. The NBA Hall of Famer and former Lakers star has excelled in the business world since retiring from basketball,

Magic Johnson, a legendary NBA figure, has expanded his business interests significantly beyond basketball into various sports franchises. He holds a 4% stake in the NFL's Washington Commanders, which he acquired in 2023, marking his entry into NFL ownership. Additionally, Johnson has been a part-owner of Major League Baseball's Los Angeles Dodgers since 2012, where he has seen considerable success, including a World Series win in 2020. His portfolio also includes a 2% ownership in the WNBA's Los Angeles Sparks, which he has owned since 2014, and he was previously involved with the Los Angeles Lakers as both a player and a part-owner. Beyond sports, Johnson's business ventures include investments in real estate, Starbucks franchises, and movie theaters, showcasing his diverse investment strategy.

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