Magic Johnson: Being part-owner of the Washington Commanders is the biggest thing I’ve ever done in my life

[Rocket Scientist]

Mannn.. . fukk that nikka

Whats ya beef with him?

 

[mag357]

Whats ya beef with him?

Too long to type.
But he is a fake ass nikka
Sheisty, piece of shyt

 

[TheMailMan]

None of us in here will ever own a team let alone NFL team. Dont care the % Magic owns apart of the team cant hate. HIV and his son jokes aside. This is who we should look up to. Dude puts his $ and time into the black community. When he dies his $ will stay in black community (his other son is a businessman).

I haven't heard anything he's done for east Lansing but I might be wrong. Just haven't heard anything. Much respect to Ervin tho he doin his thang

 

[Trojan 24]

4% is a pretty significant amount of an NFL team to own especially considering this one is technically valued at $6 billion. His portion is worth $200 million and the best pathway to ownership is becoming a minority owner.

He has that claim in all three of the leagues. I always thought they'd chase Obama as the first black majority owner, but it seems like they're putting Magic on the path.

Obeezy got money like that though?

 

[Chrome2279]

I love Magic. A natural leader, a winner, and a born salesman.

Outside of family stuff, becoming part owner of the Dodgers and making the Baby Hook against the Celtics are the biggest moments, Sir.
Earvin Johnson Jr. is wilding here.

You’re confusing “greatest” with “biggest” this NFL deal is the most Money in history for a sports team. Magic didn’t say “greatest” your examples above are “the greatest” examples. he said “biggest” from a money perspective, he’s right. Let’s not forget, this franchise needs a lot of work. (Team, stadium, concessions, merchandise, name change, etc) also it’s hard as fukk to be a black man owning an NFL team.

 

[lib123]

4% is a pretty significant amount of an NFL team to own especially considering this one is technically valued at $6 billion. His portion is worth $200 million and the best pathway to ownership is becoming a minority owner.

He has that claim in all three of the leagues. I always thought they'd chase Obama as the first black majority owner, but it seems like they're putting Magic on the path.

Nah minority ownership stakes are valued at 40-50% discount. When Snyder owned the team, he bought out his minority partners' 40.5% stake for $800M in 2021 while the entire team was valued at $4.2B at the time.

 

[UncleTomFord15]

4% isn't a small number like yall making it seem. It's like when floyd said he owns skyscrapers in NYC. In reality he actually owned like 1% of the building. But 1% of a building worth 2 billion is still alot of money.

 

[Heavy_Handz]

Magic owns 4% stake in the Commanders. They sold for 6.05 billion (240 million dollar investment) & im sure will be valued much higher in the coming years (Magic’s money will surely double in value in relatively short time). Of course this is the biggest thing he has ever done

 

[Thavoiceofthevoiceless]

Folks in here trying to downplay Magic

Like because he isn't the majority owner this means nothing

Dude could sell his stake for 200 million tomorrow

And probably much more in ten years

I mean in the NFL it kind of doesn't considering that even some of the majority owners in the league don't even have a voice or influence like that. Magic is just a figurehead and I doubt will be making any influencing decisions like that especially considering that the league owners had to already cut corners for that ownership group to come into the fold as is.

 

[Thavoiceofthevoiceless]

Obeezy got money like that though?

Not NFL money like that as the NFL is now wanting the majority owner to have 30% of the bread up front.

 

[Big Boss]

I mean in the NFL it kind of doesn't considering that even some of the majority owners in the league don't even have a voice or influence like that. Magic is just a figurehead and I doubt will be making any influencing decisions like that especially considering that the league owners had to already cut corners for that ownership group to come into the fold as is.

Right only majority owners have the final say.

When they have the owners meeting every year, that's for the majority owner

 

[Pegasus Jackson]

This bama lunchin' young.


Magic is merely a figurehead for these devious jews but I wish him well. They certainly can't do any worse than Daniel.

 

[get these nets]

Folks in here trying to downplay Magic

Like because he isn't the majority owner this means nothing

Dude could sell his stake for 200 million tomorrow

And probably much more in ten years

Some dude's natural instincts are to downplay, second guess, and undermine things that Black public figures do.

 

[RickyDiBiase]

None of us in here will ever own a team let alone NFL team. Dont care the % Magic owns apart of the team cant hate. HIV and his son jokes aside. This is who we should look up to. Dude puts his $ and time into the black community. When he dies his $ will stay in black community (his other son is a businessman).

Always one breh who sees the bigger picture