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Sports / a year ago
Magic Johnson Joins Record-Breaking Bid to Buy Washington Commanders
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Magic Johnson is joining a record-breaking bid to purchase the Washington Commanders, a move that could bring professional football back to the nation's capital and set a new record for the highest price ever paid for a sports team.
Magic Johnson, the legendary basketball Hall of Famer and prominent executive, has joined a record-breaking bid to purchase the Washington Commanders. Johnson 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. The group is led by billionaire hedge fund manager David Harris, who previously attempted to purchase the Denver Broncos. However, the Broncos were ultimately sold to a group led by Walmart heir Rob Walton for a record $4.65 billion. The Commanders are expected to sell for more than the Broncos, which would make it the highest price ever paid for a professional sports team. Johnson's involvement in the bid could help the group reach their goal of setting a new record. Johnson has not commented on the bid, but Harris has said that the group is "committed to making this the most successful sports ownership group in the country." The Commanders will be the first professional football team to play in Washington since the Washington Redskins moved to Maryland in 1997. If the bid is successful, Johnson and Harris' group could bring professional football back to the nation's capital.
posted a year ago

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Original title: Magic Johnson joins bid to buy Washington Commanders - The Boston Globe

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