NBA legend Magic Johnson looking to buy stake in NFL’s Raiders – Report

NBA Hall Of Famer Earvin “Magic” Johnson is reportedly interested in buying a stake in the National Football League’s Las Vegas Raiders.

The ownership stake that Johnson and his team of investors he has been working on assembling over the weeks would reportedly set a record valuation for the football team franchise, Semafor reports.

His firm, Magic Johnson Enterprises, currently has an ownership stake in the Los Angeles Dodgers and Burger King as far as the restaurant industry goes.

Along with the 125 Magic Johnson Theaters located nationwide, Johnson also was an early investor in Starbucks.

From 1998 to 2010, Johnson’s company-owned more than 100 Starbucks. In 2010, Magic Johnson Enterprises sold its stock in Starbucks.

The Los Angeles Lakers champion walked away with US$100 million from the deal, The Sports Rush reported.

It is clear to see that Johnson’s pursuit of the NFL franchise aligns with his portfolio of interests.