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After Whopping $6 Billion Victory, Magic Johnson Drops Massive NBA Ownership Hint Involving $6,100,000,000 NBA Franchise

Published 09/27/2023, 7:02 AM EDT

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While he has an impeccable basketball resume, his ownership ordeals might be even better. Since retirement, Magic Johnson has taken to many different facets to expand his business. However, his most expansive reach remains in the area he built his legacy. That is the world of sports. Whether it be the WNBA, the MLB, or even the NFL now, the Los Angeles Lakers legend has found success in every league.

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But, after a minor stint with his Lakers team, he never got into the ownership ranks of the NBA. Until now.

Magic Johnson drops a tease about his potential return


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Even though he was briefly in an ownership capacity with Los Angeles, he quickly gave it up. To not go against his favorite team, Johnson refrains from taking up another ownership spot. Talking to ESPN, however, the 5-time NBA Champion had a major confession to make. According to him, he had given up opportunities with a lot of potential teams.

Among them, were the Detroit Pistons, the Atlanta Haws, and the juggernaut Golden State Warriors. But, in lieu of not opposing the Lakers franchise, he gave up each opportunity.


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But, the New York Knicks are an offer too enticing.

With Madison Square Garden – The Mecca of Basketball to watch over, and a rabid fanbase, Magic finds similarities in that opportunity. In his interview, he went into detail about his thought process.

I love coming to New York and going to the Garden and watching the Knicks play. I love being with fans who are so passionate about their team and the Knick fans are, and they’re smart…Other than that, I would probably never think about ever being a part of another franchise.”

Perhaps, after finding success in every other sport, the 3-time Champion is the balm a despondent Knicks franchise needs.

Magic Johnson’s sports empire

While the Lakers will forever remain his franchise in spirit, Johnson’s ownership endeavors spread far and wide.

Whether it be the Dodgers in the MLB or the LA Sparks in the WNBA, but, his most recent acquisition was his most enormous one.Beating out names like Jeff Bezos for the role, Magic got a $6 billion deal done to assume ownership of the Washington Commanders in the NFL.


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It is the first ownership stake away from Los Angeles for the greatest point guard ever. And, it seems like he’s already working his Magic. 

Since taking over the Dodgers, the team has won every NL West Championship bar one. Similarly, the Commanders got off to a hot 2-0 start after barely winning 8 games last season. Whether it is the Magic effect or not remains uncertain.


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But, if he does take over the New York Knicks, best believe that Knicks fans will cling to that hope.

Watch This Story: 5 Months After Showing Warriors Star Love, Magic Johnson Gets Walked Over By Stephen Curry’s Teammate For One Reason

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Priyanshu Choudhary is an NBA Writer at Essentially Sports. Basketball has been his favorite sport for over a decade, and he has written close to 300 articles. If asked what he loves about the sport, Priyanshu would cite the technique, the breakdown, the ebb and flow and the theatrics that have endeared him since 2009.
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Edited by:

Aakash Nair