Magic Johnson: From Lakers Legend to Washington Commander? You Do the Math!
Hold onto your jerseys, folks, because NBA icon Magic Johnson has officially stepped out of the hardwood and onto the gridiron... well, sort of. That's right, Magic isn't exactly lacing up his cleats, but he has become a minority owner of the Washington Commanders!
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| What Percentage Of The Washington Commanders Does Magic Johnson Own |
But Wait, How Much of a "Mini" Owner Are We Talking?
Now, before you imagine Magic barking sideline plays (though that would be epic!), it's important to understand the ownership structure. Josh Harris, a billionaire businessman, is the main guy in charge. Think of him as the quarterback, calling the shots. Magic, on the other hand, is more like a valuable wide receiver – a key player, but not the entire offense.
Tip: Slow down when you hit important details.
So, how much of the Commanders pie does Magic get? Buckle up, because here comes the math (cue the dramatic music): Magic Johnson owns a cool 4% of the Washington Commanders. That might not sound like a huge chunk, but hey, 4% of a team that sold for a whopping $6.05 billion is still nothing to scoff at! We're talking about $242 million, which is enough to buy a whole lot of fancy courtside Lakers tickets (or maybe a new stadium for the Commanders, just a thought).
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Magic's Motivations: Basketball Prodigy with Business Finesse
So why did Magic, a basketball legend, decide to invest in an NFL team? Well, for starters, the man's a business whiz! He's already got ownership stakes in the Dodgers, the Sparks, and LAFC, proving he has a knack for picking winners (and making a serious profit). Plus, there's always the chance Magic might sprinkle some of his championship-winning magic on the Commanders. We can all dream, right?
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Frequently Asked Questions About Magic and the Commanders:
How to celebrate Magic's new ownership? Break out your old Lakers jersey and pair it with a Commanders hat. Confusion will ensue, but hey, that's part of the fun!
QuickTip: Keep going — the next point may connect.
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How to convince Magic to coach the Commanders? This one might require some serious social media campaigning. #MagicForCoach is a good start.
How to invest in the Commanders like Magic? Unless you have a spare $242 million lying around, this might be a tough one. But hey, you can always buy a season ticket and cheer extra loud!
How much will Magic's stake be worth in the future? Only time will tell, but with Magic's business sense and the potential of the Commanders, that 4% could grow into something truly legendary.
How cool is it that Magic Johnson owns part of the Washington Commanders? Pretty darn cool, if you ask us!
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