Magic Johnson has joined a gaggle that’s bidding to purchase the Denver Broncos, Sportico stories. Already a member of the Los Angeles Dodgers possession group, the Los Angeles Lakers legend is seeking to dip his toes into a 3rd main sport.
Johnson, 62, is becoming a member of a possible possession group that’s led by Philadelphia 76ers co-owner Josh Harris, based on Sportico. It’s unknown how a lot of an funding Johnson could be making into the Broncos.
The Broncos are anticipated to set a document for the very best value ever paid for a sports activities franchise.
Sportico not too long ago valued the workforce at $3.8 billion. pic.twitter.com/S2WLUeggaM
— Sportico (@Sportico) May 5, 2022
Johnson paid $50 million to be a part of the group that bought the Dodgers for $2.15 billion in 2012. Johnson can also be an investor within the WNBA’s Los Angeles Sparks.
The Lakers employed Johnson to be the workforce’s President of Basketball Operations in February 2017. Johnson resigned two years later.
The Pat Bowlen Belief introduced earlier this 12 months that the Broncos are formally up on the market. Denver is anticipated to turn out to be the costliest buy of any skilled sports activities workforce.
Sportico values the Broncos at $3.8 billion. The Brooklyn Nets set the document with a $2.35 billion sale to Alibaba co-founder Joe Tsai over two years in the past. The Carolina Panthers had been bought to David Tepper in 2018 for an NFL document $2.275 billion.
The Broncos haven’t reached the playoffs since profitable Tremendous Bowl 50 in February 2016. Denver traded for star quarterback Russell Wilson this offseason, elevating expectations for the 2022 NFL season.
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