Magic Johnson is, once again, trying to dish out an assist in 76ers managing partner Josh Harris’ attempt to purchase an NFL franchise.
Johnson, a five-time NBA champion with the Los Angeles Lakers and a Hall of Famer, has joined Harris’ group in its bid for the Washington Commanders, according to Sportico. A spokesperson for Harris declined comment.
This comes after Johnson was part of Harris’ group that attempted to purchase the Denver Broncos last year. The Broncos were sold for $4.65 billion to the Walton-Penner Family Group.
The Richmond Times-Dispatch is reporting that Apollo Global Management, which is co-founded by Harris, is a favorite to buy the Commanders from owner Dan Snyder. Harris and billionaire Mitchell Rales teamed up to buy the team.
Harris reportedly had an estimated net worth of approximately $7.56 billion last year. As a high profile, well-respected Black investor, Johnson brings diversity to the group.
He was part of a group that bought the Los Angeles Dodgers in 2012 for $2 billion, of which Johnson invested $50 million.
Johnson is also part of the investing groups for the WNBA’s Los Angeles Sparks and Major League Soccer’s Los Angeles Football Club.
Last year, Harris and Sixers co-managing partner David Blitzer were part of a group that submitted a bid for Premier League soccer team Chelsea F.C., which was sold last week to a group that included Todd Boehly. Harris and Blitzer run Harris Blitzer Sports & Entertainment, a sports entertainment company which owns and operates the Sixers and the NHL’s New Jersey Devils, among other assets.
___ (c)2023 The Philadelphia Inquirer Visit The Philadelphia Inquirer at www.inquirer.com Distributed by Tribune Content Agency, LLC.
This story was originally published March 20, 2023, 9:17 PM.
(Except for the headline, this story has not been edited by PostX News and is published from a syndicated feed.)
