Magic Johnson Part-Owner Of NFL Washington Commanders With Billionaire Josh Harris

Entrepreneur and NBA Hall of Famer Magic Johnson added to his voluminous business portfolio by officially becoming part-owner of the Washington Commanders. The NFL owners voted unanimously Thursday to approve the sale of the team to a group led by billionaire Josh Harris that includes Johnson, the five-time NBA champion. The group is taking ownership of the Commanders from embattled owner Daniel Snyder for a record $6.05 billion.

The Commanders were a troubled franchise under Snyder, who was embroiled in controversy for much of his ownership. The NFL twice investigated him for improper workplace conduct, with one probe ending Thursday. He was fined $60 million after attorney Mary Jo White found that the team did not disclose revenue it was supposed to share with other franchises and that Snyder had harassed a female employee.

Source: NBC News