An investment group that includes Lakers legend Magic Johnson has reached 'an agreement in principle' to buy the Washington Commanders.
, it was reported Thursday -- a transaction that, if finalized, would add an NFL franchise to Johnson's already substantial "sport-folio."
to a group led by Wall Street heavyweight Josh Harris, defense billionaire Mitchell Rales and Johnson.If all the pieces come together, the Commanders' $6 billion price tag would mark the highest price ever paid for a sports franchise -- topping the $4.65 billion sale price for the NFL's Denver Broncos last year. Johnson was also part of a Harris-led group that tried but failed to purchase the Broncos.Harris, 58, also owns the NBA's Philadelphia 76ers and NHL's New Jersey Devils.
Johnson is already a part owner of the L.A. Dodgers, the L.A. Sparks of the WNBA and the Los Angeles Football Club of Major League Soccer.
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