Magic Johnson joins group bidding for Broncos - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Magic Johnson reportedly joined the group led by 76ers and Flyers owner Josh Harris bidding to purchase the Denver Broncos.

Sportico reported Thursday that Johnson would be part of Harris’ bid, with up to six others expected to be potential stakeholders.

Johnson, a member of the ownership group of the Los Angeles Dodgers and NBA legend, is one of many recognizable names who’ve decided to enter the high-stakes chase for the NFL franchise, which officially went on the block February 1. Harris is the controlling owner of the 76ers and the principal and managing owner of the Flyers. Harris co-founded Apollo Global Management, a worldwide investment firm, and is a general partner of English Premier League club Crystal Palace. In July 2021, his net worth was estimated at more than $7.5 billion by Bloomberg.At the annual NFL meetings on March 26, Broncos president and CEO Joe Ellis said a new owner could be in place by the start of the season in September.

S. Robson “Rob” Walton is a frontrunner to buy the Broncos. Walton, 77, is the oldest son of Walmart founder Sam Walton and worth $70.8 billion, Forbes said. That net worth makes him the 19th-richest person in the world, per the publication. In its annual valuation of NFL teams, Forbes in 2021 set the value of the Broncos at $3.75 billion, though the sale price is expected to exceed that amount.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Suspected business robber arrested - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A 30-year-old suspect has been arrested following a shooting in the Durban CBD. I'm really grateful for all the efforts you have render to me with my little investment of R10,000 and with joy over me after withdrawing R100,000 with your help Williamchurch07 thank you for everything you have done for me and my family Williamchurch07 I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: SABCNews - 🏆 37. / 51 Read more »

'Suzuki cannot unilaterally quit MotoGP' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.MotoGP promoters Dorna Sports have contacted Suzuki following reports the Japanese manufacturer will quit the premier class at the end of the season, reminding them on Tuesday that their contract does not allow them to make a unilateral decision. I'm really grateful for all the efforts you have render to me with my little investment of R10,000 and with joy over me after withdrawing R100,000 with your help Williamchurch07 thank you for everything you have done for me and my family Williamchurch07
Source: SABCNews - 🏆 37. / 51 Read more »