Magic Johnson reportedly in talks to purchase record-breaking stake in NFL franchise

Former NBA star Magic Johnson.
(Image credit: Derek White/Getty Images)

NBA legend Magic Johnson is deep in negotiations to purchase a stake in the NFL's Las Vegas Raiders, Semafor reported Friday. If closed, the transaction could potentially set a record for sports franchise deals, sources with knowledge of the deal told the outlet.

Johnson, the former Los Angeles Lakers star widely regarded as the greatest point guard of all time, has had his hands in a number of sports-related business dealings since his retirement. He is already a part-owner of the MLB's Los Angeles Dodgers, and has reportedly been "assembling a team of investors in recent weeks" to try and make a bid for a minority slice of the Raiders.

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Justin Klawans, The Week US

 Justin Klawans has worked as a staff writer at The Week since 2022. He began his career covering local news before joining Newsweek as a breaking news reporter, where he wrote about politics, national and global affairs, business, crime, sports, film, television and other Hollywood news. Justin has also freelanced for outlets including Collider and United Press International.