Magic Johnson is someone with incredible business acumen. Overall, he has made a whole lot of money throughout his career. However, most of it has come off of the court. In fact, Johnson was able to purchase a stake in the Los Angeles Dodgers a few years ago. When he did that, Johnson made it very clear that he is interested in sports ownership opportunities. Subsequently, there have been all sorts of rumblings about him potentially wanting to own a bit of an NFL team.
Last year, there was a solid opportunity with the Denver Broncos. However, Magic Johnson missed the boat as another group ended up with the team. At the time, the team sold for a whopping $4.65 billion which was an NFL record. Now, the Washington Commanders are for sale as Dan Snyder is jumping ship. There is a ton of interest in this team, and according to TMZ he has joined a massive group that is looking to buy the team. The group includes Sixers owner Josh Harris, as well as Mitchell Rales who is a billionaire. As it turns out, the group just put in a $6 billion bid for the Commanders.
Magic Johnson To The NFL?
This would be the largest sale in the history of the National Football League. However, Johnson, Harris, and Rales will all have some competition. According to Adam Schefter of ESPN, a Canadian billionaire by the name of Steve Apostolopoulos also put in a $6 billion bid. No matter what, it looks like Snyder is in for a massive payday. Whether or not it is deserved, is up to the Commanders fans to decide.
It would be amazing to have Johnson in the NFL as an owner. However, it will ultimately be up to Snyder as to which group he wants to go with. Owning an NFL franchise comes with a ton of responsibility, and it will simply come down to which side has more money, resources, and time. Stay tuned to HNHH for more news from the sports world.
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