Magic Johnson trying to become an NFL owner
Magic Johnson has made a bid to purchase the Broncos, according to Sportico. The NBA legend is reportedly joining a group led by 76ers co-owner Josh Harris.
It's safe to say that Magic has been pretty busy ever since he stopped playing basketball. Indeed, Johnson has plenty of experience in owning professional sports teams. He was one of the investors who purchased the Dodgers in 2012, and he is also the co-owner of the WNBA's Sparks and MLS's Los Angeles Football Club. Johnson also recently spent two years as the Lakers' president of basketball operations; he helped recruit LeBron James to the Lakers before the team captured an NBA title in 2020.
"Selling an NFL team is a complex process involving numerous parties and league approval procedures," Broncos president and CEO Joe Ellis said in a statement earlier this offseason. "Nonetheless, the trustees hope to have the sale completed by the start of the 2022 NFL season. The Broncos are a special franchise that is part of the fabric of this region, and whoever emerges as the new owner will certainly understand what the team means to our great fans and this community."
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