Magic Johnson has decided to strengthen his presence in American soccer.
The NBA star has acquired a stake in the Washington Spirit of the National Women’s Soccer League.
Johnson and Rodman in the same company
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The Los Angeles Lakers legend has joined the Washington Spirit as a minority shareholder, though it was not disclosed how many shares he took or how much money he invested.
The club, controlled by entrepreneur Michele Kang, is valued at around €54 million.
Kang took over the company, previously controlled by Steve Baldwin, two years ago. The businesswoman paid $35 million.
According to Kang, the addition of Magic Johnson: “Not only does it reflect the strength of our club, our players, our fans and our brand, it also sends a powerful message about the growth and impact of women’s sport globally.”
The team includes Trinity Rodman, daughter of another NBA icon, Dennis Rodman, who is the highest-paid player ever in American women’s soccer ($1.1 million) per season.
With the US national team he won gold in Paris 2024.
Magic Johnson’s Investments
Earvin, “Magic” Johnson has a growing portfolio in terms of sports investments.
The former basketball player is also a minority investor in the NFL’s Washington Commanders, MLB’s Los Angeles Dodgers, WNBA’s Los Angeles Sparks and MLS’s Los Angeles FC.
How does Magic Johnson’s investment in the Washington Spirit impact the growth of women’s soccer in the United States?
Magic Johnson Strengthens Presence in American Soccer with Investment in Washington Spirit
NBA legend Earvin “Magic” Johnson has expanded his sports portfolio by acquiring a minority stake in the Washington Spirit, a professional women’s soccer team in the National Women’s Soccer League (NWSL). This move marks Johnson’s latest venture into the world of American soccer, solidifying his commitment to the growth and development of the sport.
Johnson Joins the Washington Spirit Family
The Washington Spirit, controlled by entrepreneur Michele Kang, is valued at approximately €54 million [[2]]. Johnson’s investment in the team is a significant boost to the club, which has been on the rise since Kang took over two years ago. Kang praised Johnson’s involvement, stating that it ”not only reflects the strength of our club, our players, our fans, and our brand, it also sends a powerful message about the growth and impact of women’s sport globally” [[2]].
Johnson and Rodman: A Basketball-Soccer Connection
Interestingly, Johnson’s investment brings him together with another basketball legend, Dennis Rodman, whose daughter Trinity Rodman is a player for the Washington Spirit. Trinity Rodman is currently the highest-paid player in American women’s soccer, earning a staggering $1.1 million per season [[1]]. She recently won gold with the US national team in Paris 2024.
Magic Johnson’s Growing Sports Portfolio
Magic Johnson’s investment in the Washington Spirit is the latest addition to his growing sports portfolio. As a successful entrepreneur and sports enthusiast, Johnson has been actively involved in various sports ventures, including a minority stake in the Los Angeles Dodgers and ownership of the Los Angeles Sparks (WNBA) [[3]]. His investment in the Washington Spirit further cements his commitment to promoting women’s sports and supporting the growth of American soccer.
A Powerful Message for Women’s Sports
Johnson’s involvement with the Washington Spirit sends a powerful message about the growing importance of women’s sports globally. As women’s soccer continues to gain popularity, investments like Johnson’s are crucial in supporting the development of talented players like Trinity Rodman. With his backing, the Washington Spirit is well-positioned to continue making waves in the NWSL and beyond.
Magic Johnson’s investment in the Washington Spirit is a significant milestone in the growth of American soccer and women’s sports as a whole. As a respected figure in the sports world, Johnson’s involvement is a testament to the potential of women’s soccer and his commitment to supporting its development.
What motivated Magic Johnson to invest in the Washington Spirit?
Magic Johnson Strengthens Presence in American Soccer with Investment in Washington Spirit
NBA legend Earvin “Magic” Johnson has expanded his sports portfolio by acquiring a minority stake in the Washington Spirit, a professional women’s soccer team in the National Women’s Soccer League (NWSL). This move marks Johnson’s latest venture into the world of American soccer, solidifying his commitment to the growth and development of the sport.
Johnson Joins the Washington Spirit Family
The Washington Spirit, controlled by entrepreneur Michele Kang, is valued at approximately €54 million [[2]]. Johnson’s investment in the team is a significant boost to the club, which has been on the rise since Kang took over two years ago. Kang praised Johnson’s involvement, stating that it “not only reflects the strength of our club, our players, our fans, and our brand, it also sends
