Magic Johnson buys stake at possession group of NWSL's Washington Spirit

A brand new partnership was introduced this Thursday on CBS Mornings present, when Washington Spirit proprietor Michele King welcomed a brand new member to her desk, none aside from NBA Corridor of Famer Magic Johnson. The bulk proprietor has been in control of the NWSL franchise for over two years now, when she purchased the membership for a former league file of $35 million. 

The Lakers icon can be not new to purchasing stakes within the sport world, as he’s additionally half proprietor of the MLS’ Los Angeles FC, WNBA’s Los Angeles Sparks, he managing entity of the MLB’s Los Angeles Dodgers, NFL’s Washington Commanders, and in addition a founding member of the Guggenheim Baseball Administration.

“Michele and I met in Los Angeles and we clicked. We took off. It was a fantastic dialog. When you concentrate on what occurred with the Olympics and the ladies’s soccer crew dominated on the sector, so the recognition of the sport is exploding right here in America.

.@MagicJohnson is becoming a member of the possession group of @WashSpirit.

Johnson and Michele Kang, the Spirit’s majority proprietor, inform CBS Mornings about championing girls’s sports activities: “I need to make it possible for this sport, girls’s soccer, can develop.” pic.twitter.com/hzP8VRlkKs

— CBS Mornings (@CBSMornings) September 5, 2024

“We knew worldwide it’s already a giant deal and now it’s exploding right here and so when she allowed me to be her associate,” Johnson mentioned yesterday morning on the tv present.

In line with the NBA icon, he and Kang aligned principally by sharing the identical imaginative and prescient and beliefs for the membership, but in addition on the place they at the moment discover themselves in their very own journeys of making enterprise within the sporting trade.

“I like to be within the possession as a result of it’s essential that they see minorities in an possession place, however the primary factor, too, is I like serving to the athletes transition from their sport to hopefully enterprise or no matter they need to do after their time being an athlete,” he assured. “Michele cares about the identical factor and so we’re going to assist these girls not solely on the sector. We need to win championships … [but] right here we’re going to assist them after their profession as effectively.”

The newest transfer by Kang in girls’s soccer comes simply six weeks after the official launch of Kynisca Sports activities Worldwide Ltd, the primary multi-team world group devoted to girls’s soccer.

Warriors icon Stephen Curry just lately opened about the potential of proudly owning an NBA crew sooner or later, and admitted that it’s “undoubtedly on the desk”

4-time champion Stephen Curry is already pondering on retirement, and fascinated by what lies forward of his basketball profession. The Golden State star, who’s a 10-time All-Star, spoke to CNBC’s Squawk on the Road on Tuesday and defined his varied companies and goals for the long run.

The 36-year-old admitted he’s concerned with NBA crew possession someday. “For me, that’s undoubtedly on the desk,” Steph shared. “I believe I may do a reasonably good job of serving to maintain how nice the the NBA is true now and what it takes to run a championship group.”

“For me, that’s undoubtedly on the desk,” mentioned the participant who simply inked a a one-year, $62.6 million contract extension that retains him enjoying till he’s 39 in 2027. “I believe I may do a reasonably good job of serving to maintain how nice the the NBA is true now and what it takes to run a championship group.”

Curry additionally owns media firm Unanimous Media, and a youth golf tour, Underrated, and different ventures which use sports activities and artwork to develop communities and younger minds. “I do know I’ve much more to perform on the courtroom earlier than I transfer into different roles within the league,” he mentioned.