NBA legend Magic Johnson is reportedly interested in buying a stake of the Raiders
The ownership stake that Johnson is pursuing would reportedly set a record valuation for the sports franchise. Johnson is leading a group that’s seeking a minority stake in the Raiders.
For context, owner Mark Davis received an offer for a minority stake in the team that placed the enterprise value of the full Las Vegas franchise at $6.5 billion,Johnson’s pursuit of an NFL franchise aligns with his business interests over the last 30 years since his NBA retirement. His firm, Magic Johnson Enterprises, already owns a stake in the Dodgers, as well as Burger King and Starbucks in the restaurant industry.
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