WNBA: Magic Johnson Buys In to Save Los Angeles Sparks

Word on the street is that businessman and NBA Hall of Fame inductee, Magic Johnson, is not part owner of the Lost Angeles Sparks (WNBA).

“We’re totally thrilled,” WNBA President Laurel Richie told The AP. “When Magic chooses to enter into a partnership with a WNBA team, that’s a great thing. He’s a legend within basketball. He’s very knowledgeable about the game. He’s a larger-than-life personality. He’s an extremely successful businessman. He cares about the community the way that the WNBA does.”

 

Johnson is part of a small group of investors who’s previously acquired the Los Angeles Dodgers.  The group comprised up of Johnson, Mark Walter, and Peter Guber (who did not partake in this recent acquisition) purchased the Dodgers for $2.15 billion.

It was only recently that Walter and Johnson discussed the idea of purchasing the L.A. Sparks.

“He is looking forward to coming to games,” Richie said. “He is a fan already and now I think he’s going to have a heightened interest in this team all together. There will be lots of opportunity to see him and interact with him.”

Source: AP