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thread 1/10
Genius athletes that got into team ownership after retiring...

9️⃣ Serena & Venus Williams

Own a minority stake in the Miami Dolphins:
2009: $1B valuation
2023: $4.6B valuation

1st African-American minority owners in NFL history.
08:17 PM - May 28, 2023
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8️⃣ Alex Rodriguez

A-Rod purchased 20% of the Minnesota Timberwolves and Lynx for $1.5B in 2021.

He now owns 40% after...

Paying $290 million earlier this year.
08:17 PM - May 28, 2023
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7️⃣ Wayne Gretzky

Purchased the Phoenix Coyotes for $88M upon retiring in 2001.

Gretzky became the coach in 2005 and earned $7-8 million per season (7x the average salary for NHL coaches).

Coyotes: Bankrupt
Gretzky: Now owns % of the Oilers
08:18 PM - May 28, 2023
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thread 4/10
6️⃣ Grant Hill

Hill purchased a stake in the Atlanta Hawks for $800 million in 2015.

Today the team is worth $1.6 billion.

He's also an investor in NBA Africa ($1B).
08:18 PM - May 28, 2023
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thread 5/10
5️⃣ David Beckham:

Beckham pulled off a hall of fame business move at Inter Miami.

$25M → $650M (and grew the MLS
08:19 PM - May 28, 2023
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thread 6/10
4️⃣ Shaquille O'Neal

At a $534M valuation in 2013, Shaq bought into the Sacramento Kings.

Shaq sold his stake 8 years later at a valuation of ~$1.8 billion.
08:20 PM - May 28, 2023
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thread 7/10
3️⃣ Magic Johnson:

First got into team ownership with the LA Lakers.

Magic is now a minority owner of the:
⚾ Los Angeles Dodgers
🏈 Washington Commanders

Magic's net worth is currently at ~$620M.
08:20 PM - May 28, 2023
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thread 8/10
2️⃣ Michael Jordan:

In 2010, Jordan became the majority owner of the Charlotte Hornets.

And it's paying off big time:

2010 valuation: $275 million
2023 valuation: $1.7 billion
08:21 PM - May 28, 2023
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thread 9/10
1️⃣ Mario Lemieux

Owned 25% of the Penguins in 1998 after deferring his $20M salary into equity.

He's still a part owner...

And made $350M when FSG purchased the Penguins in 2021.
08:21 PM - May 28, 2023
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thread 10/10
These recently retired athletes have dipped into team ownership as well...

Dwayne Wade: Utaz Jazz
Tom Brady: Las Vegas Raiders & Aces
08:23 PM - May 28, 2023
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