Showtime for Raiders? Magic Johnson eyeing ownership stake in Sin City Notifications New User posted their first comment this is comment text Approve Reject & ban Delete Logout

Showtime for Raiders Magic Johnson eyeing ownership stake in Sin City

NBA legend and former Lakers star Magic Johnson The Las Vegas Raiders could be adding a bit of "Showtime" as Los Angeles Lakers great . Johnson is said to have been rounding up a team of investors that has been doing its due diligence with the NFL franchise. The acquisition price could end up creating a new record for such deals. Johnson's interest in owning part of the team comes stated that current owner Mark Davis had received an offer for a stake from an unnamed investor. The unknown investor for the ownership stake valued the franchise as being worth $6.5 billion. Notably, the price would overtake the ownership purchases of the Denver Broncos and Carolina Panthers. In August this year, the Broncos were led by Walmart heir Rob Walton for $4.65 billion. David Tepper purchased the Carolina Panthers from previous owner Jerry Richardson for $2.2 billion in 2018. Johnson had previously expressed interest in an ownership stake in the Raiders 10 years ago. The team was then looking for taxpayer money to construct a new stadium in its original home in Oakland, California. The Lakers legend was connected to a possible investment to bring the franchise back to Los Angeles. However, no such deal ever happened as Los Angeles was home to the NFL franchise from 1982 to 1994 before it moved to Oakland in 1995. A Raiders spokesperson did not respond to requests for comment regarding Johnson's interest.

How much are the Las Vegas Raiders valued at

Las Vegas owner Mark Davis According to , the Las Vegas franchise is valued at $5.1 billion, the ninth-highest value in the NFL. The team was purchased by Davis' father, Hall of Fame owner Al Davis, for $180K back in 1966. Mark took over for his father Al as team owner when Al on October 8, 2011. In 2020, Las Vegas welcomed their fans to Allegiant Stadium in Paradise, Nevada. At $1.9 billion, Allegiant Stadium is the second-most expensive stadium in the NFL. Only SoFi Stadium, home of the Los Angeles Rams and Los Angeles Chargers, cost more at $4.9 billion when it also opened in 2020. Poll : 0 votes Quick Links More from Sportskeeda Thank You! Show More Comments No thanks Delete Cancel Update Reply ❮ ❯ No thanks Delete Cancel Update Reply ❮ ❯ Be the first one to comment on this story More from Sportskeeda Fetching more content... 1 Logout No Results Found