NBA Hall of Famer Magic Johnson is reportedly pursuing an ownership stake within the NFL’s Las Vegas Raiders that may set a record valuation for the sports franchise, Semafor reports.
Why it matters: NFL franchises are a few of the most beneficial assets on the earth. 16 NFL franchises are price at the very least $4 billion, in comparison with 4 MLB teams and three within the NBA.
- Johnson is leading a bunch that is looking for to purchase a minority stake within the team, owned by the family of the late Al Davis.
- The Raiders have received a minority stake offer that valued the team at $6.5 billion, Forbes reported this summer.
Data: Sportico; Table: Axios Visuals