Magic Johnson part of group looking to buy NFL's Washington Commanders for $6B, report says
LOS ANGELES - Across the country, Magic Johnson is remembered by most as a Los Angeles Laker legend turned successful businessman. But could he soon become a part owner of an NFL team?
Johnson – who is already a part owner for the Los Angeles Dodgers, the Los Angeles Sparks and the Los Angeles Football Club – had recently joined an investment group looking to buy the Washington Commanders from embattled owner Daniel Snyder.
On Tuesday, a report from ESPN's Adam Schefter revealed the asking price for the Commanders is set to $6 billion – and the group involving the Laker legend is willing to match it. The group submitted what Schefter said is a "fully-financed bid."
The group doesn't appear to be the runaway favorites in the bidding war. According to Schefter, Canadian billionaire Steve Apostolopoulos put his name in the hat – also submitting a $6 billion offer to buy the controversial NFL team.
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If the sale goes through between either the group including Johnson or Apostolopoulos, it would mark the most expensive sale of an NFL team, breaking the current record of $4.65 billion, which was the price tag of the Denver Broncos.