Earvin “Magic” Johnson is in the running to own a piece of the Denver Broncos.
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The NBA Hall of Famer and entrepreneur has linked up with Philadelphia 76ers co-owner Josh Harris, head of one of at least five bidding groups.
Johnson, 62, is the latest and highest-profile Black businessman to be connected to the Broncos’ bidding process, which is expected to result in a record sale price of around $4 billion or more.
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Billionaire investor, Robert F. Smith and media magnate Byron Allen have also explored bids.
Johnson owns stakes in multiple sports teams and other businesses – including the Los Angeles Dodgers, Sparks and Lakers.
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Johnson also owns part of the Los Angeles Football Club.
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