Magic Johnson to Acquire NFL-Based Franchise For Worth

Magic Johnson has joined a group of investors who are trying to buy the Denver Broncos NFL team.

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The billionaire is part of a group led by billionaire Josh Harris.

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It is not clear how much Johnson will contribute to the bid.

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The sale of the team is estimated to be worth $3.8 billion.

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The sale may break a record for the most money ever spent on a sports franchise.

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Alibaba co-founder Joe Tsai paid $3.3 billion for the Brooklyn Nets in 2019.

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The Raiders are currently owned by the family of the late Al Davis.

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Johnson is interested in purchasing a minority stake in the team.

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However, the team’s current ownership group does not want to sell the team to Johnson.

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In the past, he was part of the group that bought the Los Angeles Dodgers for $2 billion in 2012.

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