Magic Johnson Admits WNBA's Los Angeles Sparks Ownership Group ‘Haven’t Made A Dime’ On $10M Investment — So What’s Next?

Magic Johnson Admits WNBA's Los Angeles Sparks Ownership Group ‘Haven’t Made A Dime’ On $10M Investment — So What’s Next?

Patience is key, especially in the investment world, and Magic Johnson knows this all too well. As AFROTECH previously reported, Johnson has a portfolio that includes the WNBA’s Los Angeles Sparks. Guggenheim Baseball Management led the investment in the team in 2014. The ownership group consists of Johnson, Mark Walter, Stan Kasten, and part-owners Todd Boehly and Bobby Patton. “The leaders of this great city came together quickly to keep this …