AP source: Magic Johnson joins Harris’ bid for Commanders
1 year, 9 months ago

AP source: Magic Johnson joins Harris’ bid for Commanders

Associated Press  

WASHINGTON — Magic Johnson has joined Josh Harris’ bid to buy the NFL’s Washington Commanders, according to a person with knowledge of the situation. Johnson, a basketball Hall of Famer who has become a prominent executive, is already involved in sports ownership with stakes in Major League Baseball’s Los Angeles Dodgers, Major League Soccer’s Los Angeles F.C. He was also part of Harris’ unsuccessful bid to buy the Denver Broncos, who were instead sold to a group led by Walmart heir Rob Walton for a record $4.65 billion. At a league meeting in October, Indianapolis Colts owner Jim Irsay said there was “merit to remove” Snyder — who then hired Bank of America Securities two weeks later.

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History of this topic

Magic Johnson buys stake in NWSL’s Spirit: ‘I got 14 world championships. I need 15’
3 months, 2 weeks ago

Magic Johnson buys stake in NWSL’s Spirit: ‘I got 14 world championships. I need 15’

LA Times  

Magic Johnson has joined the ownership group of the NWSL’s Washington Spirit, the team announced Thursday. The team announced the move Thursday morning, as Johnson and team majority owner Michele Kang appeared together on “CBS Mornings.” “You know me, I love sports,” said Johnson, who also has a stake in the Washington Commanders. We’re gonna help them also after their …

Magic Johnson, Josh Harris and other new Commanders owners introduce themselves to Washington fans
1 year, 3 months ago

Magic Johnson, Josh Harris and other new Commanders owners introduce themselves to Washington fans

Associated Press  

WASHINGTON — Magic Johnson handed Kanga Gwanyama $5,000 in cash, telling the 13-year-old he could only hold on to the money for five minutes and that most of it would go into savings. “We’ve been incredibly overwhelmed by the welcome we have gotten,” Harris said Friday, noting he now carries around throat lozenges because of how many conversations he’s having. …

NFL owners unanimously OK the Commanders sale to Josh Harris; Dan Snyder fined $60M on the way out
1 year, 5 months ago

NFL owners unanimously OK the Commanders sale to Josh Harris; Dan Snyder fined $60M on the way out

Associated Press  

BLOOMINGTON, Minn. — NFL owners unanimously approved the sale of the Washington Commanders on Thursday from Dan Snyder to a group led by Josh Harris and including Magic Johnson for a record $6.05 billion, right before the league announced a $60 million fine for Snyder for improprieties corroborated by its investigation into workplace culture and business dealings. “I’m excited about …

NFL owners plan to meet July 20 and potentially vote to approve the Commanders sale, AP source says
1 year, 6 months ago

NFL owners plan to meet July 20 and potentially vote to approve the Commanders sale, AP source says

Associated Press  

NFL owners are set to meet July 20 to consider and potentially vote to approve the sale of the Washington Commanders, a person with knowledge of the situation said Friday. Three-quarters — 24 of the league’s 32 owners — approval is needed to finalize the deal between Dan Snyder and his family and a group led by Philadelphia 76ers and …

Commanders’ record sale agreed to by Snyder family, Harris group that includes Magic Johnson
1 year, 7 months ago

Commanders’ record sale agreed to by Snyder family, Harris group that includes Magic Johnson

Associated Press  

ASHBURN, Va. — A group led by Josh Harris that includes Magic Johnson has agreed to buy the NFL’s Washington Commanders from longtime owner Dan Snyder and his family. “We look forward to running a world-class organization and making significant investments on and off the field to achieve excellence and have a lasting and positive impact on the community.” The …

What’s next for sale of NFL’s Washington Commanders?
1 year, 8 months ago

What’s next for sale of NFL’s Washington Commanders?

Associated Press  

Dan Snyder has an agreement in principle to sell the Washington Commanders to a group led by Josh Harris and Mitchell Rales that includes Magic Johnson for a North American professional sports team record $6.05 billion. Harris, 58, is best known in sports for owning the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils along with partner David Blitzer and …

AP sources: Snyder agrees to $6.05B sale of NFL’s Commanders
1 year, 8 months ago

AP sources: Snyder agrees to $6.05B sale of NFL’s Commanders

Associated Press  

Dan Snyder has a deal in place to sell the NFL’s Washington Commanders for the biggest price paid for a North American professional sports team. The price for the Commanders tops the previous record of $4.65 billion set when Walmart heir Rob Walton’s group bought the Denver Broncos last year. Snyder bought his boyhood favorite team in 1999 for $750 …

Report: Daniel Snyder agrees to sell Commanders to group that includes Magic Johnson
1 year, 8 months ago

Report: Daniel Snyder agrees to sell Commanders to group that includes Magic Johnson

LA Times  

Philadelphia 76ers co-owner Josh Harris has reportedly reached an agreement to buy the Washington Commanders from Daniel Snyder. Daniel Snyder, the NFL’s most widely reviled team owner, has reached an agreement in principle to sell the Commanders for $6 billion to a group led by Philadelphia 76ers co-owner Josh Harris, according to a Thursday report by Sportico. Speculation about new …

Jeff Bezos 'will NOT bid for the Commanders,' despite the Amazon billionaire 'having some interest'
1 year, 8 months ago

Jeff Bezos 'will NOT bid for the Commanders,' despite the Amazon billionaire 'having some interest'

Daily Mail  

Despite speculation linking him to a purchase of the Washington Commanders, Jeff Bezos is reportedly not interested in making a bid on the team. Bezos had shown interest in purchasing the franchise - even going so far as to hire a firm to explore a potential bid - but he never ended up submitting an offer. Back in February, reports …

Billionaires reportedly lining up to enter bids to purchase Washington Commanders
1 year, 8 months ago

Billionaires reportedly lining up to enter bids to purchase Washington Commanders

LA Times  

Reports say Washington Commanders owner Dan Snyder and wife, Tanya Snyder, have been receiving bids from parties interested in buying their team. “If there’s a sale, they will notify us and we will proceed on that one.” Speculation about new owners has been percolating since November, when Daniel and Tanya Snyder announced they had hired Bank of America to begin …

Magic Johnson joins Josh Harris’ bid to buy NFL’s Commanders
1 year, 9 months ago

Magic Johnson joins Josh Harris’ bid to buy NFL’s Commanders

LA Times  

Magic Johnson has joined Josh Harris’ bid to buy the NFL’s Washington Commanders, according to a person with knowledge of the situation. He also was part of Harris’ unsuccessful bid to buy the Denver Broncos, who were instead sold to a group led by Walmart heir Rob Walton for a record $4.65 billion. Amid multiple investigations into workplace conduct and …

Matthew McConaughey 'is joining' Jay-Z and Jeff Bezos' joint bid for NFL's Commanders
2 years, 1 month ago

Matthew McConaughey 'is joining' Jay-Z and Jeff Bezos' joint bid for NFL's Commanders

Daily Mail  

Matthew McConaughey could be on the verge of buying his favorite NFL team. Actor Matthew McConaughey and his wife Camila Alves arrive for Monday Night Football action between the Pittsburgh Steelers and Washington Redskins at FedEx field on September 12, 2016 in Landover, Maryland Both Jay-Z and Jeff Bezos are reportedly interested in buying the NFL's Washington Commanders from embattled …

Dan and Tanya Snyder hire firm to explore sale of Commanders
2 years, 1 month ago

Dan and Tanya Snyder hire firm to explore sale of Commanders

Associated Press  

After repeatedly saying he would never consider giving up the football team he rooted for as a child and has owned for more than two decades, Dan Snyder and wife Tanya have taken the first step toward selling the Washington Commanders. The team announced the surprising decision Wednesday that the Snyders hired Bank of America Securities to “consider potential transactions.” …

Broncos sale to Walton group unanimously OKed by NFL owners
2 years, 4 months ago

Broncos sale to Walton group unanimously OKed by NFL owners

Associated Press  

BLOOMINGTON, Minn. — The record $4.65 billion sale of the Denver Broncos to Walmart heir Rob Walton and his daughter and son-in-law was unanimously approved Tuesday by NFL owners, the expected final step in the transfer from the family of the late Pat Bowlen. “Just like the Avs winning the Stanley Cup, it’s a challenge to us to rise to …

NFL finance group supports Broncos sale to Walmart heir
2 years, 4 months ago

NFL finance group supports Broncos sale to Walmart heir

Associated Press  

ENGLEWOOD, Colo. — NFL owners will decide on Aug. 9 whether to approve the proposed $4.65 billion sale of the Denver Broncos to the Waltons, heirs to the Walmart fortune and America’s richest family. Twenty-four of the 32 teams are needed to approve the sale of the storied franchise from the Pat Bowlen Trust to Rob Walton; his daughter, Carrie …

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