Magic Johnson is bringing his winning mentality to the WNBA.
It was announced Wednesday that Magic Johnson, Mark Walter, and their ownership group have agreed to become the new owners of the Los Angeles Sparks. Walter, CEO of Guggenheim Partners, and Johnson also led the ownership group that purchased the Los Angeles Dodgers in 2012. With a passion for Los Angeles sports, and great business acumen, it is clear to see that the organization is in good hands.
The news was a definite relief to Sparks fans, who were very aware of the rumors of a possible move if a strong ownership group didn’t emerge to keep the team in LA. After finding out the former owners had left, and left the organization in disarray, uncertainty set in. Talk of a move ran rampant, and many were unaware if the team could keep veteran players.
Now with a renewed sense of life, the organization can continue to live up to the championship caliber it has built over the past 17 years.