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Magic Johnson simply positioned a $6 billion bid to purchase the NFL workforce Washington Commanders – and would develop into the primary Black proprietor within the league’s historical past if the deal goes by way of.
On Tuesday, the Lakers Hall of Famer, alongside 76ers proprietor Josh Harris and billionaire Mitchell Rales, formally submitted the huge, fully-financed bid to buy the franchise, in keeping with ESPN’s Adam Schefter.
The Josh Harris/Mitchell Rales group, which nows contains Magic Johnson, formally has submitted a fully-financed bid that meets Dan Snyder’s $6 billion asking worth, per supply.
— Adam Schefter (@AdamSchefter) March 28, 2023
Magic Johnson’s Group Places Historic, Potentially Record-Breaking Bid For NFL Team On Tuesday
Current proprietor Dan Snyder introduced in November that he plans to promote the Commanders following investigations into his private conduct.
The workforce reportedly expects {that a} sale of the workforce may attain a worth as excessive as $6 billion, per Bleacher Report, which means the celebs are seemingly aligned for Johnson and his group to make the historic and record-breaking buy.
Johnson would develop into the primary Black NFL workforce proprietor within the league’s historical past ought to the bid be accepted.
As of now, the NFL’s solely minority house owners are Shahid Khan of the Jacksonville Jaguars and Kim Pegula of the Buffalo Bills. Khan was born in Pakistan and moved to the United States at age 16.
The Josh Harris/Mitchell Rales group, which incorporates Magic Johnson, has OFFICIALLY submitted a fully-financed bid that meets Dan Snyder’s $6B asking worth for the Washington Commanders, per @AdamSchefter. pic.twitter.com/zK90eCfJVS
— ClutchPoints (@ClutchPointsApp) March 28, 2023
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Johnson Faces Steep Competition For Purchase Of Washington Commanders
Magic isn’t the one high-profile determine to specific curiosity in shopping for the Commanders, as Amazon head Jeff Bezos and rap mogul Jay-Z had met with Snyder again in November to debate a attainable buy plan for the workforce.
Canadian billionaire Steve Apostolopoulos and Houston Rockets proprietor Tilman Fertitta are amongst different names who’ve proven curiosity in shopping for the Commanders, previously often called the Washington Redskins.
Should the workforce be bought to Johnson’s group, the $6 billion deal would break the file for a sale of an NFL franchise which was set final summer time when billionaire Rob Walton bought the Denver Broncos for $4.65 billion, in keeping with TMZ.
The potential buy would add to Johnson’s already spectacular portfolio, which additionally contains possession stakes within the Los Angeles Dodgers, L.A. Football Club, and the WNBA workforce L.A. Sparks.
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