Shocking Report About Magic Johnson
Back in November, Forbes reported that Dan Snyder had hired Bank of America to sell his ownership stake in the NFL's Washington Commanders.
Snyder bought the team in 1999, and he is currently 58 years old.
During his tenure, the Commanders have only had three seasons with ten wins and made the NFL Playoffs six times (their last appearance was in 2020).
The report from Forbes came out 138 days ago, and no sale has taken place (yet).
On Monday, Sportico reports that Los Angeles Lakers legend Magic Johnson "has joined the bidding for the Washington Commanders."
Via Sportico: "EXCLUSIVE: @MagicJohnson has joined the bidding for the Washington @Commanders as part of a group led by 76ers and Devils co-owner Josh Harris."
Johnson has held many roles in professional sports.
The five-time NBA Champion is arguably the best point guard ever and a Basketball Hall of Famer.
Over 13 seasons, he averaged 19.5 points, 7.2 rebounds, 11.2 assists and 1.6 steals per contest in 906 regular season games.
He's also been the head coach of the Lakers (1994) and their Head of Basketball Operations (2017-19).
Right now, Johnson is a part-owner of the MLB's Los Angeles Dodgers, who won the World Series in 2020.
Sales of pro-sports teams can take a long time to complete, and Johnson's potential group is likely going to be one of many with interest.
Forbes ranks the Commanders as the seventh most valuable franchise in the NFL at $5.6 billion (the team was originally bought for a reported $750 million).
