The WNBA have today approved a purchase from an investment group led by Magic Johnson for the Los Angeles Sparks.
Johnson and controlling owners of the LA Dodgers were unanimously approved by governors of the WNBA and NBA.
Johnson played for the LA Lakers for over a decade and was part of the group that purchased the LA Dodgers baseball team in 2012. He has also served as an executive for the Lakers.
The franchise will not be moved from LA and will continue to play at Staples Center, which they share with the LA Lakers and Clippers NBA teams.
WNBA president Laurel Richie is pleased with the new ownership as he addressed them at the press event today:
“We are thrilled to welcome Magic Johnson and Mark Walter to the WNBA,” said Richie. “With their proven track record in the business realm, their commitment to the city of Los Angeles through civic engagement, and their passion for the game of basketball, we look forward to partnering with our new owners to usher in a new era for this iconic team."
The LA Sparks have been in the WNBA for 17 years and were crowned champions in 2001 and 2002.
They have advanced to the Western Conference finals in three of the last six seasons. All-Stars; Candace Parker, Nneka Ogwumike and Kristi Toliver headline the current roster.