Magic Johnson, Dwyane Wade, Tom Brady among the former pro athletes who have become WNBA owners
Magic Johnson’s love of basketball motivated him to save the Los Angeles Sparks a decade ago from folding and also put him on the forefront of what is now a growing WNBA trend. Ten years after becoming the majority owner the team’s value has increased and buying into the WNBA has become a good long-term investment. Johnson is one of a handful of former pro athletes who have either bought into WNBA teams ownership groups. Dwyane Wade became a partial owner of the Chicago Sky last year. Tom Brady did the same with the Las Vegas Aces. Alex Rodriguez is a limited partner with the Minnesota Lynx. Former WNBA players Sue Bird and Renee Montgomery have joined the ownership groups of the Seattle Storm and Atlanta Dream, respectively.