NFL: Earvin 'Magic' Johnson joins Josh Harris-led group bidding to buy Washington Commanders
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Josh Harris had earlier tried to buy the Denver Broncos last summer but the deal could not come through. Magic Johnson was also part of that process with Harris.
As for the Commanders, Forbes has listed the price of franchise at $5.6 billion after the current owners, Dan and Tanya Snyder made their intention of selling the franchise public in November last year.
Apart from Magic, a Washington D.C. billionaire, Mitchell Rales, with net worth of $5.5 billion according to Forbes, has also joined Josh Harris camp in the bidding process, further strengthening their position.
The involvement of Magic Johnson was first reported by Sportico, however, it is uncertain as of now that how much the former Basketball star would be investing.
Sources have also told ESPN that apart form Harris group, NBA's Houston Rockets' owner Tilman Fertitta was another group who has visited the Commanders facility. There are total four groups in contention and the other two are anonymous so far.
The NFL owners are meeting next week in Phoenix but the deal, even if it happens, is expected to come through in late May sometime, informed the sources to ESPN.
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Tuesday, March 21, 2023 at 12:00 am