Current:Home > StocksMagic Johnson buys a stake in the NWSL’s Washington Spirit -Thrive Financial Network
Magic Johnson buys a stake in the NWSL’s Washington Spirit
Algosensey Quantitative Think Tank Center View
Date:2025-04-11 00:54:14
WASHINGTON (AP) — Magic Johnson has bought an ownership stake in the National Women’s Soccer League’s Washington Spirit, the basketball great-turned entrepreneur’s latest addition to his professional sports team portfolio.
The team announced Thursday that Johnson has joined the investor group led by owner Michele Kang.
“I’m excited to join the Washington Spirit’s investor group at such a pivotal time in the club’s history,” Johnson said in a statement. “Partnering with a visionary like Michele Kang and her team to advance the growth of the Washington Spirit and the NWSL is an incredible opportunity. I’m excited to join the team and play my part to help elevate this organization.”
Johnson, whose given name is Earvin, most recently became part of the ownership group that bought the NFL’s Washington Commanders last year and also has shares in Major League Baseball’s Los Angeles Dodgers, WNBA’s Los Angeles Sparks and Major League Soccer’s Los Angeles FC.
“From the basketball court to the boardroom, Earvin knows how to win, and we are delighted to count on his expertise as part of our fantastic investor group,” said Kang, who has owned the team since 2022. ”His commitment not only reflects the strength of our club, players, fans and brand, but also sends a powerful message about the growth and impact of women’s sports globally. Together, we look forward to taking the Washington Spirit to new heights and inspiring the next generation of young women and girls worldwide.”
Johnson will be introduced at a school event Friday and is expected to be at the Spirit’s next home game Saturday at Audi Field against Portland Thorns FC.
In on-field news, the team said U.S. Olympic gold medal-winning midfielder Croix Bethune is out for the season with a knee injury. The Spirit said Bethune, who threw out the first pitch at the Nationals game on Aug. 28, tore the meniscus in one of her knees away from training.
The Washington Post reported Bethune was injured from throwing out the first pitch.
___
AP soccer: https://apnews.com/hub/soccer
veryGood! (61791)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- An activist group is spreading misinformation to stop solar projects in rural America
- Tina Turner's Son Ike Jr. Arrested on Charges of Crack Cocaine Possession
- Inside Clean Energy: In South Carolina, a Happy Compromise on Net Metering
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Republicans Seize the ‘Major Questions Doctrine’ to Block Biden’s Climate Agenda
- Missing Titanic Submersible: Former Passenger Details What Really Happens During Expedition
- Is the economy headed for recession or a soft landing?
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Inside Clean Energy: Google Ups the Ante With a 24/7 Carbon-Free Pledge. What Does That Mean?
Ranking
- South Korean president's party divided over defiant martial law speech
- Russia is Turning Ever Given’s Plight into a Marketing Tool for Arctic Shipping. But It May Be a Hard Sell
- Nearly 30 women are suing Olaplex, alleging products caused hair loss
- Wisconsin boy killed in sawmill accident will help save his mother's life with organ donation, family says
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Republicans Seize the ‘Major Questions Doctrine’ to Block Biden’s Climate Agenda
- Kendall Jenner Shares Plans to Raise Future Kids Outside of Los Angeles
- The EPA Calls an Old Creosote Works in Pensacola an Uncontrolled Threat to Human Health. Why Is There No Money to Clean it Up?
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Super Bowl champion Patrick Mahomes opens up about being the villain in NFL games
Super Bowl commercials, from Adam Driver(s) to M&M candies; the hits and the misses
WHO declares aspartame possibly carcinogenic. Here's what to know about the artificial sweetener.
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
GOP Senate campaign chair Steve Daines plans to focus on getting quality candidates for 2024 primaries
14 Gifts For the Never Have I Ever Fan In Your Life
Biden Could Reduce the Nation’s Production of Oil and Gas, but Probably Not as Much as Many Hope