Magic Johnson has racked up another victory and dished out another big assist in his post-basketball career as a prolific sports team owner.
The Hall of Fame point guard and Lakers great is part of the ownership group that reached an agreement in principle Thursday to purchase the NFL's Washington Commanders from Dan Snyder for $6.05 billion, two people with knowledge of the situation told The Associated Press. The people spoke on condition of anonymity because the deal hasn't been finalized.
Decades after his remarkable career as a brilliant player and leader for the Lakers, Johnson is a valuable teammate in the even more rarefied world of sports high finance. Johnson's spokesperson in Los Angeles didn't return a request for comment on the potential sale. Harris and the NFL also didn't comment on the in-progress deal.
Johnson took another step into the highest realms of sports in 2012 when he joined a deal with some similarities to the Commanders sale.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Group including Magic Johnson strikes $6 billion deal to buy Washington CommandersThe price tag tops the previous record of $4.65 billion set when Walmart heir Rob Walton’s group bought the Denver Broncos last year.
Read more »
Group including Lakers legend Magic Johnson set to buy NFL's Commanders, report saysAn investment group that includes Lakers legend Magic Johnson has reached 'an agreement in principle' to buy the Washington Commanders.
Read more »
Dan Snyder Reportedly Agrees To Sell Commanders To Magic Johnson, Josh HarrisWashington Commanders owner Dan Snyder agreed to sell his team to Lakers legend Magic Johnson and Sixers owner Josh Harris.
Read more »
Report: Daniel Snyder agrees to sell Commanders to group that includes Magic JohnsonOne report says Daniel Snyder has reached an agreement to sell the Washington Commanders to Josh Harris' group, which includes Magic Johnson.
Read more »
Dan Snyder Agrees To Sell Commanders To Magic Johnson, Josh Harris For $6.05 BilWashington Commanders owner Dan Snyder agreed to sell his team to Lakers legend Magic Johnson and Sixers owner Josh Harris.
Read more »
Magic Johnson delivers another assist in Commanders purchaseMagic Johnson has racked up another victory and dished out another big assist in his post-basketball career as a prolific sports team owner. The Los Angeles Lakers great is part of the ownership group that reached an agreement in principle Thursday to purchase the NFL’s Washington Commanders. Johnson is the famous face out in front of the Commanders group, which gets most of its financial backing from billionaire Josh Harris. It’s a familiar role for Johnson, who also owns minority stakes in baseball’s Los Angeles Dodgers, Major League Soccer’s Los Angeles FC and the WNBA’s Los Angeles Sparks.
Read more »