Magic Johnson in bid to buy Washington Commanders of the NFL
WASHINGTON (AP) — Magic Johnson has joined Josh Harris’ bid to buy the NFL’s Washington Commanders, according to a person with knowledge of the situation.
Johnson, a basketball Hall of Famer who has become a prominent executive, is already involved in sports ownership with stakes in Major League Baseball’s Los Angeles Dodgers, Major League Soccer’s Los Angeles F.C. and the WNBA’s Los Angeles Sparks. He was also part of Harris’ unsuccessful bid to buy the Denver Broncos.
The Commanders are expected to sell for the highest price paid for a North American professional sports franchise. Forbes estimates the team is worth $5.6 billion.
Harris along with partner David Blitzer owns the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils.
Amid multiple investigations into workplace conduct and potential financial improprieties, longtime owner Dan Snyder and wife Tanya began exploring selling part or all of the team in the fall.