Magic Johnson says Sparks ownership group hasn't made profit from investment
Yahoo Sports • 1 min read • Latest: Aug 11, 2026, 3:07 PM
Last updated Aug 11, 2026
Magic Johnson, speaking at Invest Fest 2026, revealed that the ownership group of the WNBA's Los Angeles Sparks has not profited from their $10 million investment since acquiring the team. Despite challenges, Johnson expressed optimism about the Sparks' future as the WNBA experiences record viewership, investment, and player salaries. The Sparks are currently valued at $350 million, ranking seventh among WNBA teams. Johnson reflected on their decision to hold onto the franchise, which he believes will yield significant returns now that the league is thriving.
- •Ownership group includes Magic Johnson, Mark Walter, and others.
- •Sparks purchased for $10 million, valuation now $350 million.
- •WNBA average team value increased by 52% from 2025.
- •Ownership group faced tough financial years but optimistic about future.
- 3:07 PMYahoo Sports — 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.
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