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Magic Johnson Is Exploring Raiders Ownership

  • The Las Vegas Raiders would be Johnson’s first NFL team investment.
  • As of August 2022, the team is valued at $5.1 billion — ninth in the NFL.
Kyle Terada-USA TODAY Sports

Earvin “Magic” Johnson is looking to add to his growing portfolio of teams. 

The NBA legend and entrepreneur is reportedly in talks to acquire a minority stake in the Las Vegas Raiders in a deal that could value the team at $6.5 billion — a record for an NFL franchise.  

A potential sale comes after Raiders owner Mark Davis — who inherited the team from his father in 2011 — received an undisclosed offer in August for a stake in the team. Now, Johnson is putting together a group of investors to make their own bid. 

  • No deal is imminent, as talks could dissolve.
  • As of August 2022, the Raiders were valued at $5.1 billion — ninth in the NFL. 

The Raiders would be Johnson’s first NFL team investment. In 2012, the five-time NBA Champion was part of Guggenheim Baseball Management’s purchase of the Los Angeles Dodgers for $2 billion.

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Johnson also owns an undisclosed stake in his former team — the Los Angeles Lakers. He acquired his stake in 2014 when Guggenheim Partners purchased a 27% stake in the team. 

The Hall of Famer also owns part of the WNBA’s Los Angeles Sparks and MLS’ Los Angeles FC.

Trying Again

In June, a group led by Walmart heir Rob Walton purchased the Denver Broncos for $4.65 billion — a new record for NFL franchises. Before that deal, Johnson had teamed up with Philadelphia 76ers co-owner Josh Harris for a separate bid.

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