Basketball legend and former Olympic champion Magic Johnson is investing in Esports teams.
Johnson is just one of many professional athletes investing in competitive gaming after recent news that football star David Beckham had made a similar deal with Guild Esports.
The basketball legend, who played on the Olympic-winning United States 1992 men’s basketball team, is acquiring American football and basketball franchises in the SimWin Sports league.
“This multi-billion-dollar business is about to take off and the SimWin model is an excellent way for sports fans to get involved in this groundbreaking opportunity,” says Johnson.
Johnson also professed his excitement at working with SimWin and considers it a trailblazer in the esports industry. He states he looks forward to helping SimWin grow.
A win for SimWin
“From every stage of his career, Magic has inspired as a transcendent superhero for people of all races, but particularly as a black entrepreneur. His transformation from one of the most impactful careers in the history of sport, to an even more successful business leader has inspired generations of minority entrepreneurs like me,” said SimWin CEO and Founder David j Oritz. “We at SimWin strive to follow in his steps as we build this incredibly innovative sports Metaverse. From his first game to his last, Magic crafted the modern NBA into must-watch TV. With his help, SimWin Sports is creating a sports Metaverse that will deliver Showtime to sports fans 24/7/365, so they never miss out on the action.”
What is SimWin?
SimWin is the first professional esports league in which celebrities and investors own teams. Additionally, it’s the first league in which teams compete year-round. Esports fans will be able to buy, sell, trade and train virtual players after the initial virtual athlete drop, which will happen in the next few months.
Soccer legend David Beckham also recently made an investment in the esports industry, becoming co-owner of Guild Esports. Beckham will be coaching and mentoring youth esports players participating in Guild Esports academy programs.
Basketball players Tracy McGrady and Penny Hardaway are also among those who own teams on SimWin.