The Washington Spirit have added a new and recognizable name to its investor group: NBA legend Magic Johnson.
The announcement was made during an appearance on CBS Mornings with team owner Michele Kang.
“Michelle has a first-class organization in the Washington Spirit,” Johnson said during the interview. “It’s important that owners love to not only win on the field, like Michelle does, but in the community, that’s why I’m so excited to be her partner.”
Johnson said he is excited to act as a role model with Kang, as “two minorities who have tried to climb the ladder” and help soccer players on the Spirit to transition into new careers once their soccer careers are over.
Kang also referenced how Johnson was part of the beginning of the Los Angeles Lakers’ dynasty in 1979 and would be bringing his expertise to the soccer franchise.
“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,” Kang said in a statement. “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.”
Spirit midfielder Hal Hershfelt, who just returned from the Paris Games this summer, told WTOP that the new investor signals a shift in women’s sports.
“I mean, that’s just insane. I think it just goes to show how much the women’s game has grown recently to have big time investors like that, so it’s really cool for us,” Hershfelt said.
Johnson’s investment in the Spirit comes after he joined Josh Harris’ ownership group to purchase the Washington Commanders.
He will be formally presented in an event in D.C. on Friday.
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