Earvin 'Magic' Johnson discusses holding onto the WNBA's Los Angeles Sparks through early loss-making years before women's basketball valuations accelerated.
“From now, the team is worth, like, three hundred million dollars and growing, right? And we, but we only paid a few million for the team.”
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More from Earvin "Magic" Johnson
AssertionSupported
Magic Johnson: Dodgers generate highest revenue in Major League Baseball history
“We're making money that no major league baseball team has ever made on revenues.”
Earvin "Magic" JohnsonFeb 11, 2026▶ 49:30Inside The Life of Silicon Valley's First Athlete Investor | Magic Johnson
AssertionSupported
Magic Johnson: Dodgers bought for $2.2B are now worth $8B
“When we bought the Dodgers, 2.2 billion dollars. Well, everybody said we overpaid. Now it's eight billion.”
Earvin "Magic" JohnsonFeb 11, 2026▶ 0:32Inside The Life of Silicon Valley's First Athlete Investor | Magic Johnson
Insight
Magic Johnson: 'Boring' Businesses Outperform Trendy Startups in Consistent Growth
“The ones that are boring and people don't know about or care about, those are the ones who are on a consistent making money or going up. You have growth.”
Earvin "Magic" JohnsonFeb 11, 2026▶ 14:58Inside The Life of Silicon Valley's First Athlete Investor | Magic Johnson
Insight
Magic Johnson: Wealthy minorities historically failed to pass down business knowledge
“The downfall of minorities has been most of the rich people before us took the knowledge with them.”
Earvin "Magic" JohnsonFeb 11, 2026▶ 1:03:43Inside The Life of Silicon Valley's First Athlete Investor | Magic Johnson
PredictionOpen · timeframe Feb 2031
Magic Johnson: Washington Commanders valuation will rise with new stadium
“The Commanders is two years old now. Six billion, and now that the new stadium, that's gonna go even up higher.”
Earvin "Magic" JohnsonFeb 11, 2026▶ 0:39Inside The Life of Silicon Valley's First Athlete Investor | Magic Johnson
Insight
Magic Johnson: Athletes and entertainers must hire advisors willing to say no
“Make sure you get a great team around you. And also, those can tell you no. See, they're not used to somebody telling them no.”
Earvin "Magic" JohnsonFeb 11, 2026▶ 28:08Inside The Life of Silicon Valley's First Athlete Investor | Magic Johnson
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