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2d ago

Bobby Wagner Joins Seattle Storm Ownership as First Active NFL Investor

Drawing on mentorship from Magic Johnson, Bobby Wagner honored Kobe Bryant’s advocacy for women’s basketball with a minority stake in the franchise now valued at $325 million.

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Bobby Wagner #54 of the Washington Commanders looks on during an NFL Football game against the Detroit Lions at Ford Field on January 18, 2025 in Detroit, Michigan.
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Overview

  • The Storm officially announced Wagner’s minority ownership on July 23, partnering him with co-owners Lisa Brummel, Dawn Trudeau and Ginny Gilder.
  • Wagner’s stake makes him the first active NFL player to hold equity in a WNBA franchise.
  • His investment follows the Storm’s recent sale of small stakes at a franchise valuation of $325 million.
  • He cited mentorship from Magic Johnson and Kobe Bryant’s legacy in women’s sports as key influences on his decision.
  • The WNBA signed a $2.2 billion media rights deal for next season and awarded three new franchises at $250 million apiece, highlighting the league’s rapid growth.