Now Owner of 4 Franchises, Billionaire Magic Johnson Once Rejected Basketball Team’s Ownership for Another Humble Gesture

Magic Johnson’s journey to team ownership took an unexpected detour when he declined the chance to buy a basketball franchise. Johnson’s choice highlights a lesser-known side of his career—one motivated by humility and dedication to the community—even though he is a multibillionaire and franchise owner.

Magic Johnson has always been a fascinating personality, both for his basketball career and his business endeavors. He lately shared a startling narrative about his past — a lost chance of acquiring a basketball team.

Magic Johnson’s role in the surprising choice

A club owner once offered Johnson big stakes in his club, but he unexpectedly decided to turn it down in favor of pursuing other interests.

The Instagram handle of Magic Johnson shared thoughts on the reel, stating, “NBA legend Magic Johnson played overseas in Sweden for a team that he owned and the team was also named after him. He purchased the team in 1998 and he played for the team in the 1999-2000 season”. The video continues by mentioning, “The team Magic M7 competed in the Swedish league and Magic Johnson was 40 years old at the time and he played in a total of five games. In those five games, he had a 30-point game and he also had another game where he had 11 Dimes in the first 2.5 minutes”.

Even if the project seemed exciting at first and would be profitable, Johnson’s choice to give up ownership suggests a deeper dedication to humility and community involvement. He prioritized other projects over self-interest, showing a side of himself that is sometimes overlooked in favor of his basketball skills and financial savvy.

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Moreover, Johnson’s present ownership of four teams—the LAFC in Major League Baseball, the NFL’s Washington Commanders, the WNBA’s Los Angeles Sparks, and MLB’s Los Angeles Dodgers—underscores his lasting influence in the sports industry. His impact extends beyond leagues and disciplines, confirming his position as one of the most significant personalities in sports history, despite his initial unwillingness to invest in a basketball franchise.

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