Magic Johnson Invests in Washington Spirit
Magic Johnson Invests in Washington Spirit
Magic Johnson Invests in Washington Spirit
News summary

Magic Johnson has officially joined the ownership group of the Washington Spirit, a National Women’s Soccer League team, enhancing his already extensive sports portfolio. His investment is seen as pivotal for the club's growth, with majority owner Michele Kang emphasizing the importance of Johnson's expertise in elevating women's sports. Johnson expressed excitement about the opportunity, highlighting the increasing popularity of women's soccer and his commitment to winning championships. The Spirit, founded in 2012 and valued at $54 million, has seen significant improvements in fan engagement under Kang's leadership, with attendance nearly tripling since her acquisition. Johnson's involvement marks a trend of wealthy investors entering the NWSL, aiming to bolster the league's presence and competitiveness. The Spirit currently ranks second in the league as they approach the playoffs, with hopes of adding to Johnson's legacy of championship victories across his sports investments.

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