Mar 21, 2023
Magic Johnson’s addition to billionaire Josh Harris’ bid for the Washington Commanders has ratcheted up the intrigue over what will likely result in a world-record price tag for a sports franchise.
When a winning bidder will be announced, however, remains a mystery.
Front Office Sports confirmed Johnson has teamed up with Harris, who owns the Philadelphia 76ers and New Jersey Devils. Fellow billionaire Mitchell Rales was already a part of Harris’ group before Sportico first reported the Laker legend’s addition.
Between Harris, Rales, and Johnson, the group has a combined estimated net worth of about $12 billion.
Magic was also part of Harris’ bid last year to purchase the Denver Broncos, who ultimately sold to a group headed by Walmart heir Rob Walton for $4.65 billion.
Beyond Harris’s group, sources told FOS Amazon founder Jeff Bezos and Houston Rockets owner Tilman Fertitta remain in the mix for the team. All the finalists are under confidentiality agreements.
Source: Front Office Sports