Naismith Basketball Hall of Famer, Los Angeles Lakers legend and entrepreneur Magic Johnson is in talks to buy a stake in the Las Vegas Raiders, per Semafor's Liz Reed:
"Johnson has been assembling a team of investors in recent weeks for a minority slice of the Raiders, which is majority owned by the family of the late Al Davis, the people said.
"One of them said the group was conducting due diligence with the team. A deal hasn’t been finalized and could still fall apart."
Forbes' Mike Ozanian reported in August that the Raiders were valued at $6.