NBA icon Magic Johnson is reportedly in talks to become a minority owner of one of the NFL’s most storied franchises, the Las Vegas Raiders.
According to Semafor , Johnson has been assembling a team of investors in recent weeks to build up a bid for a slice of the Raiders in what could set a new record for sports deals. The Raiders is owned by the family of the late Al Davis, who took control of the team in 1966.
The consortium headed by the Hall of Famer has reportedly been conducting due diligence with the team, although a deal is not close to being agreed as negotiations were underway. Back in August, it was reported owner Mark Davis had received an offer for an unnamed investor for a minority stake that valued the Raiders franchise at $6.5 billion (£5.75bn).
