NBA Corridor Of Famer Earvin Magic Johnson is reportedly interested by shopping for a stake within the Nationwide Soccer League’s Las Vegas Raiders.
The possession stake that Johnson and his workforce of buyers he has been engaged on assembling over the weeks would reportedly set a document valuation for the soccer workforce franchise, Semafor studies.
His agency, Magic Johnson Enterprises, at the moment has an possession stake within the Los Angeles Dodgers and Burger King so far as the restaurant trade goes.
Together with the 125 Magic Johnson Theaters situated nationwide, Johnson additionally was an early investor in Starbucks.
From 1998 to 2010, Johnson’s company-owned greater than 100 Starbucks. In 2010, Magic Johnson Enterprises offered its inventory in Starbucks.
The Los Angeles Lakers champion walked away with $100 million from the deal, The Sports activities Rush reported.
It’s clear to see that Johnson’s pursuit of the NFL franchise aligns along with his portfolio of pursuits.
A deal for minority possession within the Las Vegas Raiders hasn’t been finalized and will reportedly collapse.
The workforce is at the moment majority owned by the household of the late Al Davis, Mark, and Carol Davis.
Whereas the worth tag that Johnson has offered has not been disclosed publicly, Forbes beforehand reported in August that Las Vegas Raiders proprietor Mark Davis had acquired a suggestion of $6.5 billion from an unnamed investor for a minority stake.
If the transfer is profitable, it could actually assist tackle among the criticism The NFL has acquired through the years for its lack of ethnic range among the many stakes of possession involving the 32 groups.
The league has maintained strict possession guidelines which have preserved its custom of long-term homeowners, making it tougher for newcomers who search funding alternatives among the many NFL franchises.
