NBA legend Magic Johnson is interested in buying a stake of the Raiders, according to a report from Semafor.
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, Forbes reported in August.
Johnson’s pursuit of an NFL franchise aligns with his business interests over the last 30 years since his NBA retirement.