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re: Magic Johnson is the latest to jump into the NIL craze. Update: not true

Posted on 1/3/25 at 7:45 pm to
Posted by usc6158
Member since Feb 2008
37767 posts
Posted on 1/3/25 at 7:45 pm to
quote:

I figured MSU could be a threat here with Gilbert, Ishbia, Magic, and then even some guys like Draymond.



Gilbert and Ishbia are locked out from donating, which is a killer for them
Posted by ChestRockwell
In the heart of horse country
Member since Jul 2021
5778 posts
Posted on 1/3/25 at 8:06 pm to
He ain't got no money. Dude still uses a flip phone
Posted by TheArrogantCorndog
Highland Rd
Member since Sep 2009
15270 posts
Posted on 1/3/25 at 8:26 pm to
What do you call Magic Johnson in a wheel chair?
Posted by TheArrogantCorndog
Highland Rd
Member since Sep 2009
15270 posts
Posted on 1/3/25 at 8:28 pm to
quote:

He ain't got no money. Dude still uses a flip phone


Thats Post "Karl" Malone... may he RIP in peace
Posted by roguetiger15
Member since Jan 2013
16968 posts
Posted on 1/3/25 at 8:56 pm to
Shaq is the second largest stake holder in Authentic Brands Group and so I’d imagine just that alone puts him in the billion dollar range
Posted by auzach91
Marietta, GA
Member since Jan 2009
40927 posts
Posted on 1/3/25 at 9:03 pm to
You’re on the clock, Chuck.
Posted by dukke v
PLUTO
Member since Jul 2006
213179 posts
Posted on 1/3/25 at 9:17 pm to
This.
Posted by The Egg
Houston, TX
Member since Dec 2004
81775 posts
Posted on 1/3/25 at 9:44 pm to
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
22953 posts
Posted on 1/4/25 at 12:05 am to
Bro, there's a community note on your post saying it's false.
Posted by TheRouxGuru
Member since Nov 2019
11718 posts
Posted on 1/4/25 at 1:33 am to
quote:

Shaq is richer than Magic i believe

quote:

no

quote:

by: saintsfan22




Just trust me bro?
This post was edited on 1/4/25 at 1:34 am
Posted by Fus0623
Lafayette, LA
Member since Jan 2015
90902 posts
Posted on 1/4/25 at 4:35 am to
Why is this thread going about as if this tweet is real
Posted by 504Voodoo
New Orleans
Member since Aug 2012
13701 posts
Posted on 1/4/25 at 5:51 am to
Dam. Magic is 65? I'm getting old
Posted by brmark70816
Atlanta, GA
Member since Feb 2011
10746 posts
Posted on 1/4/25 at 6:02 am to
I don't understand why people are investing into NIL or colleges. What is the pay off? Even if I was a billionaire, I'm not giving 100s of thousands, much less millions, to maybe have a chance on a school winning a Championship.

It is nothing like pro leagues, where you can buy into a team then get money back if you sell. The schools (programs) make money, that's the money that should go to the players. That's how a business runs. I always hated the Yankees for massively spending. But that was money they earned, that they spent instead of taking in more profits. They didn't go to their fanbase each off season and pass the hat.

We all know that this isn't substanable. But these contributors are making it worse. The system doesn't get fixed if guys are sending the programs or players tons of money with no expectations. They have to know this..
Posted by JakeFromStateFarm
*wears khakis
Member since Jun 2012
12421 posts
Posted on 1/4/25 at 6:06 am to
I love how most of the people posting ignored the community note
quote:

“Brody Sheetz” is an unlabeled imposter account. He’s not a journalist. The profile photo was taken from a stock photo website. This “report” and all his others are totally made up.
Posted by Hank Tank
Member since Nov 2024
272 posts
Posted on 1/4/25 at 7:16 am to
Johnson is partial owner of
- Los Angeles Dodgers
- Washington Commanders
- Los Angeles Sparks (wnba)
- Los Angeles FC (soccer)
- Washington Spirit (women's soccer)

He also owns/owned
- Several movie theaters
- 125 Starbucks (sold)
- controlling interest in EquiTrust Life Insurance
- aspire tv
- minority owner in Pepsi
- 4% share of Lakers (sold for 27m)
- vast real estate profile
- Burger King locations all in the south
- 24 hours fitness locations


I'm sure I'm missing some things but that's what I see on Google

Posted by emoney
Westerville, OH
Member since May 2010
8700 posts
Posted on 1/4/25 at 7:26 am to
quote:

Why is this thread going about as if this tweet is rea
Is that X account black Barry?
Posted by Ostrich
Alexandria, VA
Member since Nov 2011
9589 posts
Posted on 1/4/25 at 7:42 am to
quote:

If you had money like Ishbia, Gilbert, and Magic you have to think of owning a pro team versus bankrolling NIL. There is no ROI on NIL,


Magic is part owner of an NFL team
Posted by Honest Tune
Louisiana
Member since Dec 2011
18208 posts
Posted on 1/4/25 at 7:46 am to
quote:

What do you call Magic Johnson in a wheel chair?


RollAids.

Sadly, I was telling that joke in 91 at 9 years old.
Posted by saintsfan22
baton rouge
Member since May 2006
75938 posts
Posted on 1/4/25 at 11:19 am to
quote:

Just trust me bro?

I mean, he's not. Not my fault people are stupid so they just want to believe something that is false.
This post was edited on 1/4/25 at 11:20 am
Posted by BZ504
Texas
Member since Oct 2005
11393 posts
Posted on 1/4/25 at 1:11 pm to
I don’t know why these guys want to waste money on NIL. They didn’t get payed big bucks on college, although some might have.
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