Magic Johnson Discusses Joining Ownership of $6.3 Billion Washington Commanders

Magic Johnson's impactful career with the Los Angeles Lakers, which earned him a place in the Hall of Fame, significantly shaped the landscape of professional sports. Even after retirement, the legendary point guard continues to thrive in the limelight, leveraging his legacy. Since concluding his playing days, Magic has engaged in multiple business ventures, ensuring he remains financially connected to the sports world. His initial major investment came alongside Stan Kasten and Guggenheim Partners, who acquired the Los Angeles Dodgers in 2012. However, it was not long before Magic sought additional opportunities. His investment in the Washington Commanders is noteworthy; he allocated $240 million to join a consortium that acquired the NFL team for over $6 billion in 2023. Reflecting on this, Magic declared, “It’s the greatest deal I’ve ever done," emphasizing his lifelong passion for football and the significance of being a minority owner in the NFL.