Magic Johnson invests in Washington women’s soccer team expansion

Earvin 'Magic' Johnson has made a significant investment in the Washington Spirit, a professional women's soccer team based in Washington, D.C. This announcement was made on September 5, 2024, as Johnson aims to expand his already diverse sports portfolio, which includes ownership stakes in several major sports franchises. The Spirit, founded in 2012, has seen a remarkable increase in average game attendance, rising from 5,000 to nearly 14,000 since the current ownership took over. Johnson's involvement is seen as a strong endorsement of women's sports, reflecting the growing impact and popularity of the women's game globally. The team's controlling owner, Kang, emphasized that Johnson's commitment not only highlights the strength of the Spirit but also sends a powerful message about the future of women's athletics. Johnson, who has a net worth estimated at $1.2 billion, is known for his successful ventures beyond basketball, including investments in real estate and franchises. During his appearance on 'CBS Mornings,' Johnson expressed his desire for the Spirit to win a championship, referencing his other teams' combined total of 14 championships. This investment aligns with a broader trend of wealthy individuals becoming involved in National Women's Soccer League (NWSL) teams, indicating a shift in the landscape of professional women's sports. As the season progresses, all eyes will be on the Spirit to see how they perform under Johnson's influence and whether they can achieve the championship success he envisions. This investment not only enhances the Spirit's prospects but also contributes to the overall growth and visibility of women's soccer in the United States.