Lakers Hall of Famer point guard is no stranger to the team.
Five-time Los Angeles Lakers Magic player Johnson has clearly relied on the NFL, the nation’s most popular sport, when it comes to expanding his sports club ownership portfolio.
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Semaphore’s Liz Hoffman reports that the 12-time Lakers All-Star is considering buying part of the Las Vegas Raiders football franchise.
Hoffman writes that Johnson is in talks with several other investors to buy a minority stake in the club, which moved from Oakland to Sin City in 2018. How many riders are there now? Forbes reports that during the NFL off-season, current majority owner Mark Davis was approached with a $6.5 billion minority stake offer.
Of course, Johnson is no stranger to joining a professional sports club. He currently owns the Los Angeles Dodgers as well as the WNBA Los Angeles Sparks franchise and Major League Soccer in Los Angeles (weird name). From 1994 to 2010, Johnson owned 4.5% of the Lakers. He won five additional titles as the owner of the Lakers, one in 2020 as the owner of the Dodgers and one in 2016 as the owner of the Sparks.
Of course, before Oakland, the Raiders were the pride of Los Angeles and won the City of Angels Super Bowl in 1983. his third title in 1985.
The NFL has been printing money for a long time, so from a business standpoint, the Hall of Fame certainly makes sense. Wherever Magic Johnson went, the professional team seemed to be winning. Sure, Lakers fans might prefer him to target franchises currently based in Los Angeles, namely the Rams or the Chargers, but it looks like the Raiders are the more accessible club at the moment. where you can bet.
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