In response to studies, NBA nice Magic Johnson has joined 76ers proprietor Josh Harris in a bid to purchase the Washington Commanders as Proprietor Dan Snyder continues to entertain presents to alleviate him of his troubled staff.
Johnson was a part of Harris’ funding coalition final yr within the failed effort to take possession of the Denver Broncos. He’s reportedly filling the identical position because the earlier NFL bid by providing monetary assist and experience on proudly owning sports activities franchises, in keeping with Sportico.
Johnson has been dabbling in sports activities franchise possession for years. He’s co-owner of the L.A. Dodgers, the L.A. WNBA staff, The Sparks, L.A.’s Main League Soccer staff, and he had part of the Lakers from 1994 to 2010. He hoped to grow to be a co-owner of the Clippers in 2014, alongside together with his NFL makes an attempt talked about above.
Snyder has been cagy about promoting the Washington Commanders, although, and is barely contemplating an out because of the strain being placed on him by league officers.
He has additionally already scotched some gross sales prospects. In Feb., Snyder reportedly blocked billionaire Amazon proprietor Jeff Bezos from coming into the personal public sale for the staff although Bezos stated he needed to take part.
Nonetheless, it’s clear he has made strikes to make a sale. For instance, Snyder employed the Financial institution of America again in Nov. to discover promoting the staff in November of final yr. Even nonetheless, although, he additionally has not stated definitively that he’s promoting the staff.
Sportico provides that negotiations for the acquisition have heated up within the final week, and a deal might be reached earlier than the NFL homeowners’ conferences in Arizona on the finish of the month.
If Johnson turns into an element proprietor of the Commanders, he’ll be a part of former Secretary of State Condoleezza Rice and Ariel Investments co-CEO Mellody Hobson as a number of the few black NFL homeowners.
Snyder reportedly needs six billion for the previous Redskins.
Comply with Warner Todd Huston on Fb at: fb.com/Warner.Todd.Huston, or Reality Social @WarnerToddHuston
Learn the total article here
