Magic Johnson is someone with incredible business acumen. Overall, this is especially true when it comes to the world of sports ownership. Johnson is part-owner of the Los Angeles Dodgers, Los Angeles Sparks, and even Los Angeles FC in the MLS. However, there is one sport he is still trying to get into, and that's football. The NFL is one of the best organizations in the world, and everyone would love to own one of its 32 teams. Unfortunately, teams only come up for sale every few years.
Although, the Washington Commanders are currently being sold by Dan Snyder. Snyder is not very well-liked in NFL circles, and with potential scandals on the horizon, he is looking to get out of dodge. This has subsequently led to a bidding war for the team. Everyone wants to get in on this, including Magic Johnson. As we reported recently, he was part of a group that just bid $6 billion on the team. They do have competition, however, as a Canadian billionaire put in a very similar offer.
Magic Johnson Remains Hopeful
While appearing on The Today Show, Magic Johnson was asked about his recent bid and how he feels about it all. Of course, Johnson is very excited about the prospect of owning the Commanders. However, he is very attuned to the fact that it is beyond his control. Although, he did note that he is hopeful that Dan Snyder will choose his ownership group. After all, it's better for a team to be in the hands of many than just one person. Snyder has certainly taught us a lesson in that.
If Johnson does become part-owner of the team, then it will be a historic moment. Across sports, there are very few black owners. While he would have a minority stake, his participation is still extremely significant. Hopefully, Snyder makes the right decision and brings the legend on board. Let us know what you think about the sale of the Commanders, in the comments below. Additionally, stay tuned to HNHH for more news from the sports world. We will always keep you informed.
