Lakers Rumors: Magic Johnson Enters Bidding For Denver Broncos
Magic Johnson, Dodgers, Lakers
Richard Mackson-USA TODAY Sports

Los Angeles Lakers legend Magic Johnson could be on the verge of owning another professional sports franchise. Johnson is reportedly setting his sights on the NFL and the Denver Broncos.

According to Sportico, Johnson is among those bidding for ownership of the Broncos franchise and is joined by Philadelphia 76ers co-owner Josh Harris.

During his Hall of Fame career as a player, Johnson helped lead the Lakers to five NBA titles while turning the league into one of the most popular professional sports in the world.

Although Johnson’s playing career didn’t end the way he anticipated after being diagnosed with HIV, his success wasn’t limited to the hardwood and suiting up for the Lakers.

Magic has been arguably just as successful off the court as he was on it. He has become a prominent businessman with numerous businesses and a part-owner of the Los Angeles Dodgers, L.A. Sparks and LAFC.

As for the Broncos, the storied NFL franchise has been a hot commodity since it was put up for sale. The three-time Super Bowl champions will go for a hefty sum that will likely make history via Sportico.

The Broncos are expected to set a record for the highest price ever paid for a sports franchise, topping the $3.3 billion that Joe Tsai paid for the Brooklyn Nets and the rights to operate the Barclays Center in a deal completed in 2019. Sportico recently valued the team at $3.8 billion.

If Johnson is part of the group that buys the Broncos, he’ll have ownership stakes in the NFL, MLB, MLS and WNBA. It’ll likely be only a matter of time before he owns an NBA team as well.

Have you subscribed to our YouTube channel? It’s the best way to watch player interviews, exclusive coverage from events, participate in live shows, and more!

You May Also Like

Lakers News: LeBron James Explains Walking Out Of Players Meeting

There was a lot of belief that the 2020 NBA season would not be completed after being postponed due to the…

Lakers News: Magic Johnson Opens Up About 1984 NBA Finals Loss Motivating Him

The 1984 NBA Finals was one of the lowest points in the history of the Los Angeles Lakers franchise…

Lakers Rumors: Jeremy Lin ‘One-Year Player’ For Lakers?

Once Carmelo Anthony and LeBron James were no longer options for the…

This Day In Lakers History: City Of Los Angeles Breaks Ground On Staples Center

Back during the early years of the Los Angeles Lakers, and especially during the ‘Showtime’ era, the Great Western…