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

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.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/what-teams-does-magic-johnson-own-inside-the-nba-legend-s-portfolio-of-nfl-mlb-franchises/ar-AA1xTo8q ]


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