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HomeNewsSources: Magic in group bids on Commanders

Sources: Magic in group bids on Commanders

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Earvin “Magic” Johnson joined a group led by Josh Harris that is bidding to own the Washington Commanders, sources confirmed to ESPN on Monday.

Johnson, a Basketball Hall of Famer and co-owner of the Los Angeles Dodgers, was part of the Harris group when he couldn’t land the Denver Broncos last summer. Harris also owns the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils.

Washington owners Dan and Tanya Snyder announced their intention to sell the team in November. Forbes listed the value of the franchise at $5.6 billion.

With the NFL owners’ meeting in Phoenix starting Monday, speculation has mounted as to when a deal might be announced. Even if it is announced before next week’s meetings, sources familiar with the process said the sale likely won’t be approved until late May, when the owners meet again.

Harris’ group also went from strength to strength earlier this month when he was joined by Mitchell Rales, a billionaire who lives in Washington, D.C. He has a net worth of $5.5 billion, according to Forbes.

Sports first reported Johnson’s involvement. It’s unclear how much Johnson would invest.

A spokesman for Harris declined to comment.

Sources told ESPN that Harris’ group is one of four that visited the Washington facility prior to the sale. Tilman Fertitta, owner of the NBA’s Houston Rockets, was another. The other two groups have remained anonymous. The last group, a team source said, visited the facility two weeks ago.

Johnson has also invested in other sports teams, including the WNBA’s Los Angeles Sparks and MLS’s Los Angeles FC.

Merryhttps://whatsnew2day.com/
Merry C. Vega is a highly respected and accomplished news author. She began her career as a journalist, covering local news for a small-town newspaper. She quickly gained a reputation for her thorough reporting and ability to uncover the truth.

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