Magic Johnson, winning owner

Magic Johnson just won his thirteenth championship ring. Still in Los Angeles, but this time thanks to the performances of the Los Angeles Soccer Club, who won the Major League Soccer title for the first time in history this weekend. After the NBA, WNBA, MLB, it is the MLS that has come to crown the former conductor of Showtime, who continues to work his magic in the business world.

“Los Angeles, Business, Title. In this order.” It’s a motto that will stick well with Magic Johnson’s success since the end of his career. And if the Lakers icon is wondering about the rules of his new maxim, he promises he can seek the advice of Gareth Bale, who has knowledge on the subject – who in part offered him his thirteenth championship ring, the first in the world. from football.

It has become almost commonplace, Every time Los Angeles wins a championship, Magic Johnson is elbowed on the court with java. That’s what happened this weekend when LAFC beat Philadelphia to win their first title in history. Another title in the Magic bag, one of the owners of the franchise football Since its inception in 2014. That same year, she also invested in the takeover of the LA Sparks in the WNBA, which eventually won the title in 2016 thanks to Candace Parker, who knows the heights. This guy also had fun with the Lakers in 1994, where he bought 5% of his shares for 10 million potatoes. An investment that paid off well when Uncle Magic decided to sell his interest to billionaire Patrick Soon-Shiong in 2010, pocketing an estimated $50 million to $60 million for five championship rings. Neither one nor two continued for the game of Monopoly Dodgers (baseball), instigator of Showtime, which joins with a group of investors to buy branches for 2 billion. In 2012, Magic Johnson entered the world of baseball. As you can imagine, 2020 should end with a title. A fine nose, a lucky charm…whatever it is, Magic Johnson has the recipe to rack up titles.

If sports are a big part of the portfolio of the 1992 Olympic champion’s company, Erwin Johnson Jr. has touched all the areas to build an empire today.

The leader, who ended his career in 1996, will start construction following the advice of his mentor Peter Guber, head of Sony Pictures. Magic Johnson Theatres. Working with a mentor group, Magic builds movie theaters in underprivileged neighborhoods in South Los Angeles. An initiative that will create a snowball effect and very quickly investors will become number 32. After that, Magic signs a tempting contract with Starbucks, the only person who has the right to open franchises in places he sees fit until 2010. That year, with twelve All-Star Game selections, the man also sold a hundred Starbucks. Later, Larry Bird’s competitor will also invest in Pepsi or Burger King.

“I always knew I wanted to be a businessman. I just had to find mentors to help me understand the business. I was smart enough to have mentors who gave me good advice and helped me get started […] I built these cinemas. It was a place where minorities could go with their families within their own community. But it also created many jobs. The first cinema was among the most profitable cinemas in the country. Everyone was shocked. This gave me the experience I needed, so I sewed six more. It’s the best thing I’ve ever done. »

– Magic Johnson, on the podcast Limits From National Public Radio

As on the field, Magic Johnson took advantage of the opportunity that made him one of the most influential businessmen in the country. The CEO of 63 berges isn’t going to stop there, as he put his pawns into esports last June by investing in SimWin Sports, a digital sports league. The magic was in the field, now it’s in the business world. Be careful, the next few years could add a few more lines to Magic Johnson’s award list. The LA legend could be part of a proposed buyout for the NFL’s Las Vegas Raiders. After all, he only needs American football and hockey to hit a really nice spectacular spectacular.

Magic Johnson is an American sports legend. As a player or owner, the former Laker sprinkles success wherever he goes. The business world is too easy for the hell to have a level of hell in Monopoly.

Source Text: Boardroom, NPR, Forbes

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