Drawing Parallels With His Hall of Fame Career, Magic Johnson Put His Wisdom on Display for $5.6 Billion Worth Project

NBA Hall of Famer Magic Johnson is all-set for the new NFL season. As a minority stakeholder in the $5.6 billion worth NFL franchise ?Washington Commanders?, Johnson draws parallels to his Hall of Fame career. With the commencement of the 2023-2024 NFL season on September 7th of this month, the Lakers legend seems to be back in his element as he talks about his role as a co-owner of a highly competitive NFL team.

In a recent interview, Johnson?talks about the new ownership role as he imparts words of wisdom to his NFL team.

Magic Johnson’s Inspiring Words of Wisdom

In an interview for “CBS Mornings,” Magic Johnson gives a simple but crucial advice to ‘Washington Commanders’. He said, “I talked to the team yesterday. I told them it’s a process. I mean, you’ve got to believe in yourselves. In order to think that you’re the best in the NFL, you’ve got to practice like that.”.

The 5x NBA champion further explains, “You have to have the type of mindset that every game you over-prepare and then, when it’s game time, you go out there and execute the game plan.”. Magic Johnson drew parallels to his NBA career as he says, “I told them my story of how I’ve won my whole life, and how I dedicated myself to my sport and craft.”.

As a co-owner for the ‘Washington Commanders’, the Lakers legend finally revealed his game-plan for the new NFL season. He said, “What we are trying to do here is make sure that the city, the fans know that we are about winning. We are going to put the money into the team. As I told the players, “You’re never going to have to worry about us as the owners. There’s never going to be any bad things happening. What we want you to concentrate on is game-time every Thursday, or Sunday, or Monday. Focus on winning the game. That’s it.”

The 64-year-old former champion seems to be fully involved in his new NFL team. Probably one of the main reasons to why Magic Johnson has had so many other successful business ventures.

Magic Johnson’s Other Successful Business Ventures

The Lakers legend boasts a very impressive business portfolio that one can only dream of. After Johnson had retired from the NBA in 1996 because of the HIV infection, he had earned just $40 million from his NBA career. However, thanks to his incredible business acumen and list of successful business ventures, he earned his enormous wealth of approximately $630 million.

Initially, he sought help of popular entrepreneurs like Lakers owner Dr. Jerry Buss, Interim CEO of Starbucks Howard Schultz, and Creative Artists Agency?s co-founder Michael Ovitz to improve his understanding of different businesses.

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Soon after, he started investing his hard-earned money from the NBA and built his billion dollar business empire. Today, he owns many lucrative businesses, such as movie theatres and restaurants, including several ‘Burger King’ locations, Sodexo, and T.G.I. Friday’s.

Apart from being a minority stakeholder for the $5.6 billion worth ‘Washington Commanders’, the NBA legend also has major ownership stakes in 3 Los Angeles teams: The LA Dodgers (MLB), the LAFC (MLS), and LA Sparks (WNBA). What are your thoughts on Magic Johnson’s inspiring words to his new NFL team? Let us know in the comments below!

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