Magic Johnson’s passion for basketball inspired him to rescue the Los Angeles Sparks from closure, marking the beginning of a flourishing trend in the WNBA.
Ten years after taking majority ownership, the team’s value has increased, attracting other former professional athletes to invest in the league. With a new TV deal on the horizon and rising interest in rookies like Caitlin Clark and Angel Reese, the WNBA is becoming an enticing long-term investment.
“It wasn’t always seen as a lucrative investment,” Johnson told The Associated Press. “But now, it’s evolving into one. The future looks promising, and it will only continue to improve.”
