Magic Johnson has built a wide-ranging sports investment portfolio that includes ownership interests in teams across the WNBA, MLB, MLS, NFL, and NWSL, with his early WNBA stake now proving prescient.
ReadingBillionaire sports investing is now a portfolio play, not a vanity buy. The operators who got women's sports equity early are sitting on IRRs that dwarf their men's-league holdings.
WatchMagic's next NWSL or WNBA allocation. If he puts capital into the next women's expansion round, every other institution will follow within six months.