CryptoPolyTech.com
Crypto, Politics, Tech, Gaming & World News.

Weeks After Triumph Over Jeff Bezos’ $6,000,000,000 Worth Dream, Magic Johnson Further Strengthens His Niche in Football World | CPT PPP Coverage

 | cutline • press clip • news of the day |

Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE

200000048 – World Newser
•| #People |•| #World |•| #Online |•| #Media |•| #Outlet |

View more Headlines & Breaking News here, as covered by cryptopolytech.com


Weeks After Triumph Over Jeff Bezos’ $6,000,000,000 Worth Dream, Magic Johnson Further Strengthens His Niche in Football World appeared on www.essentiallysports.com by EssentiallySports.

NBA legend Magic Johnson is one of the richest former athletes ever with an estimated net worth of $620 million. But the five-time NBA champion could have easily added more. Notably, Magic declined Nike’s endorsement offer when he was a rookie. Had he signed the deal, he could have added $2 billion more to his fortune. It was a huge financial mistake. Despite this, he recently broke the NFL dream of Billionaire Jeff Bezos. Weeks later, Johnson is again making moves in the world of football.

America’s Favorite Video Today

When Magic entered the league in 1979, Nike was a relatively new company. At the time, Converse was one of the top brands and offered the former point guard $100,000. On the other hand, Nike could not offer a lot of money and so they offered stocks instead. Notably, Magic signed with Converse.

Magic Johnson announces the purchase of two new teams

ADVERTISEMENT

Article continues below this ad

Earvin ‘Magic’ Johnson has built a business empire over the years. With his huge fortune, the three-time NBA MVP has invested a lot in sports franchises. Notably, Johnson has stakes in several LA-based teams like, LA Dodgers, Los Angeles FC, and LA Sparks. Interestingly, he was recently in a battle for an NFL franchise with billionaire Jeff Bezos and former NBA star Brian Davis. Finally, Magic and his group were able to purchase the Washington Commanders for $6 billion.

With this, the 12x NBA All-Star achieved his dream of becoming the first Black owner in the NFL. He even stated that it was the biggest achievement of his business career. However, he is not ready to rest on his laurels and recently made an exciting announcement just weeks after purchasing the Commanders.

Magic shared a video clip on his Instagram story where he announced the purchase of two teams from a digital sports league.

He stated, “I am the proud owner of the LA Mustangs and the LA Magic. Two teams that are part of Simwin, a new virtual sports league. Kicking off the football season tomorrow!” 

Apparently, SimWin Sports is the world’s first digital sports league that provides fans the ability to watch, play, predict, and collect as per its Instagram handle. The Los Angeles Lakers legend added that he would be competing against Hall of Famers like Jerry Rice and Marshall Faulk.

ADVERTISEMENT

Article continues below this ad

He also said that some fans could even play in his team and help him win. Furthermore, he asked the fans to follow the team’s social media handle for more updates.

Magic spoke about his biggest regret

Providing feedback will help us make your experience better.

Enjoyed Your Read? Let us know how likely you are to recommend EssentiallySports to your friends!

Magic Johnson was recently asked about his decision to not sign with Nike during a podcast appearance.

ADVERTISEMENT

Article continues below this ad

The Hall of Famer could not believe that he rejected the offer. He said that he knew little about how stocks worked at the time and so he declined the offer. Of course, he’s learned a lot since then. But one can only imagine what his fortune would look like with a stake in the $160 billion company.

WATCH THIS STORY“Can’t Trust Him”: Hours Before James Harden-China Update, Disgruntled Ex-MVP Got a Scathing “Out of the League” Warning



FEATURED ‘News of the Day’, as reported by public domain newswires.

Find more, like the above, right here on Cryptopolytech.com by following our extensive quiclick links appearing on images or [NEWSer CHEWSer].
View ALL Headlines & Breaking News here.

Source Information (if available)

This article originally appeared on www.essentiallysports.com by EssentiallySports – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.

We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.

CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.

We compile ‘news of the day’ content in an unbiased manner and contextually classify it to promote the growth of knowledge by sharing it just like Weeks After Triumph Over Jeff Bezos’ $6,000,000,000 Worth Dream, Magic Johnson Further Strengthens His Niche in Football World

First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!

You might also like