Playing for a professional sports team is surely amazing, but what about owning one? Legends like Michael Jordan own NBA team, Charlotte Bobcats. But there are others who went outside their professional sports careers to own other teams. They never played football professionally but invested in the game. Let’s take a look at famous NBA stars who own football teams.
3. Magic Johnson – Los Angles FC, Los Angeles Sparks & Los Angeles Dodgers
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Thank you to my good friend and partner Peter Guber for an exciting day at the Banc of California Stadium grand opening. Peter and I have done 7 partnerships including @LAFC, @Dodgers, and our eSports team @teamliquid, who recently won the North American League of Legends Championship!
Former NBA player, Magic Johnson, is one of the most famous investors in teams. Magic owns baseball, soccer and basketball teams. He became part-owner of the floundering Los Angeles Dodgers (Baseball team) in 2012. He and a group of investors ponied up a cool, record-breaking $2 billion.
Johnson also is a part of the team that bought a Major League Soccer franchise, Los Angeles FC. As a member of the ownership group Guggenheim Partners, Johnson acquired the WNBA team in 2014, then won a title as owner with the team in 2016.
2. Lebron James – Liverpool FC
The NBA superstar, LeBron James became a minority stakeholder in Liverpool FC as part of an arrangement in 2011, with the stake growing more than 5 times since. According to a report by ESPN, James had a 2% stake which cost him roughly $6.5 million.
His investments are turning into gold, as Liverpool advanced to the UEFA Champions League final for the first time in 11 years. King James is not just a superlative sportsperson, but also a superb businessman. That means James’ investment has grown nearly five times ($6.5 million to $32 million) in seven years.
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