What team is Magic Johnson trying to buy?
Magic Johnson has joined a bid to purchase the Broncos, according to Sportico. The NBA legend is reportedly joining a group led by 76ers co-owner Josh Harris. Denver was put up for sale in February by the Pat Bowlen Trust. Bowlen bought the franchise in 1984, and he owned the team until his death in 2019.
Is Magic Johnson trying to buy the Broncos?
On Thursday, Sportico reported that Earvin ‘Magic’ Johnson has pulled up a seat at the bidding table to purchase the Broncos. The former NBA star has joined the bid group being led by Philadelphia 76ers co-owner Josh Harris, according to the person, who was granted anonymity because the details are private.
How much did the Broncos sell for?
— The Denver Broncos have entered a sale agreement with the Walton-Penner family ownership group, the sides announced Tuesday night. The agreement is for $4.65 billion, sources told ESPN, confirming multiple reports. That would be a record price paid for a North American sports franchise.
Who bought LA Lakers?
Jerry Buss purchased the Lakers in a multifaceted $67.5 million deal that included the Lakers, the NHL Kings, the Great Western Forum in Inglewood and a 13,000-acre ranch in the Sierra Nevada Mountains.
Who is buying Broncos?
The group buying the Broncos is known as the Walton-Penner family group. They are led by Rob Walton, the Walmart heir who ranks as one of the richest people in the world, and other members of his family, as one might expect.
Are the Waltons buying the Broncos?
Rob Walton said in a statement, “We are thrilled to be selected to move forward with the purchase of the Denver Broncos! Carrie, Greg and I are inspired by the opportunity to steward this great organization in a vibrant community full of opportunity and passionate fans.
Does Walmart own a football team?
The Denver Broncos and the Walton-Penner family, led by Walmart heir Rob Walton, have entered into a purchase and sale agreement for the takeover of the team. The family will acquire the Broncos from the Pat Bowlen Trust in a deal reportedly worth $4.65 billion, a record for an American sports franchise.