Magic Johnson officially joins NFL’s Commanders as co-owner
Entrepreneur and NBA Hall of Famer Magic Johnson added to his voluminous business portfolio by officially becoming part-owner of the Washington Commanders.
Entrepreneur and NBA Hall of Famer Magic Johnson added to his voluminous business portfolio by officially becoming part-owner of the Washington Commanders.
“It’s the biggest thing I’ve ever done in my life,” Johnson said during an exclusive interview with NBC’s Craig Melvin Friday morning on the “TODAY” show.
The NFL owners voted unanimously Thursday to approve the sale of the team to a group led by billionaire Josh Harris that includes Johnson, the five-time NBA champion. The group is taking ownership of the Commanders from embattled owner Daniel Snyder for a record $6.05 billion.
The Commanders were a troubled franchise under Snyder, who was embroiled in controversy for much of his ownership. The NFL twice investigated him for improper workplace conduct, with one probe ending Thursday. He was fined $60 million after attorney Mary Jo White found that the team did not disclose revenue it was supposed to share with other franchises and that Snyder had harassed a female employee.
Magic Johnson at Dodger Stadium in Los Angeles in 2018. Ezra Shaw / Getty Images file Johnson, formerly of the Los Angeles Lakers, will be the franchise’s first Black co-owner. He said he is aware that the team’s image needs an internal face-lift.
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