Dan Snyder has reached an agreement in principle to sell Washington Commanders to a group including Magic Johnson, Philadelphia 76ers co-owner Josh Harris and billionaire Mitchell Rales, per Sportico. The price? Just $6 billion.
How’s that for name-brand-people word salad?
From the report itself:
Josh Harris and Dan Snyder are hoping to execute a contract in the coming days If a deal is reached, it will be the highest price ever paid for a sports team, eclipsing the $4.6B that Rob Walton paid for the NFL’s Denver Broncos last year.
While Magic Johnson is known for his non-antics on the mean streets of Twitters, everything involving Dan Snyder, the NFL and the Washington Commanders is another story.
Snyder has been a controversial figure in the sports world for years, with numerous allegations of workplace misconduct and a team name that was widely seen as racist before making the switch to Commanders. After years of pressure from fans and advocacy groups, Snyder finally agreed to change the team’s name in 2020, but he’s still seen as a lightning rod for controversy.
Enter Magic Johnson. The five-time NBA champion is no stranger to big deals – he’s made a fortune in business since his playing days ended, with investments in everything from movie theaters to healthcare companies. Now, he’s reportedly part of a group that’s eyeing the Commanders as their next big investment.
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Well known as a savvy businessman, Magic Johnson knows how to identify a good investment, and he’s not afraid to take risks. And there’s no denying that the Commanders are a potential goldmine – despite their recent struggles on the field, they’re still one of the most valuable franchises in the NFL, with a rabid fanbase and a lucrative media market. Also, the bar is low! The ethical bar, that is.
That’s not to undercut the importance of the other people involved in the sale, but what’s more fun; talking about Magic Johnson or a Sixers co-owner Josh Harris and a billionaire allegedly named Mitchell Rales? The answer is, always, Magic. For real, after you finish reading this article, purchase all the premium products we’re selling and become a first-time depositor, go Google “South Park Magic Johnson” and you can thank me later.
Only time will tell how this alters any Commanders Super Bowl odds, but a new owner won’t change the roster. It can, eventually, change the culture though.
