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Magic Johnson Joins Ownership Group For Potential NFL Purchase

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WASHINGTON, DC - MARCH 31: Magic Johnson in the Michigan State fan section during a Div 1 Men's championship - elite eight game between Duke and Michigan State, on March 31, 2019, at Capital One Arena, in Washington D.C. (Photo by Tony Quinn/Icon Sportswire)

Magic Johnson’s days with he front office of the Lakers didn’t go too well. But according to a new report, the former NBA star is interested in dipping his toes in the NFL waters.

According to the report, Johnson is joining businessman Josh Harris for a potential purchase of the Denver Broncos.

The NFL has recently made a push for more minority representation in their team’s ownership.

“The NFL member clubs support the important goal of increasing diversity among ownership. Accordingly, when evaluating a prospective ownership group of a member club pursuant to League policies, the membership will regard it as a positive and meaningful factor if the group includes diverse individuals who would have a significant equity stake in and involvement with the club, including serving as the controlling owner of the club,” the league said in a recent statement via PFT.

As Sportico reporter Kurt Badenhausen pointed out, Magic Johnson is already an investor in several different sports teams and companies.

“Magic is already an investor in the Dodgers, LA Sparks, LAFC and esports organization aXiomatic. Also is on the board of Fanatics,” Badenhausen said on Twitter.

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