Magic Johnson recently witnessed a clutch victory in his post-basketball career. The iconic figure of the Los Angeles Lakers secured an ownership agreement to acquire the NFL’s Washington Commanders from Dan Snyder. In the process, he competed with billionaires like Jeff Bezos. Despite Johnson’s proposed sum resting low on Jeff’s, he somehow managed to seal the deal. Johnson now adds another team to his already stacked bags of team ownership. The 63-year-old legend already has ownership stakes in the Los Angeles Dodgers of MLB, the Los Angeles FC from MLS, and the Los Angeles Sparks in the WNBA.

However, in a new emergence of scenery, Jeff Bezos can redeem his dream of investing in a major sporting league. However, this time it could be the NBA instead of the NFL. Last year, the billionaire was in talks of owning the Phoenix Suns. Now, with changing times on the line, there’s plenty of opportunity for him to achieve it.

Jeff Bezos might enter the world of Magic Johnson

The NBA is set to restructure its media rights in 2025. Many tech companies realize the basketball league’s global landscape and want to be associated with its endeavors. According to Bloomberg, Jeff Bezos is one seeker on their list. Along with Amazon, Walt Disney, Apple, and YouTube have also indicated their interest in streaming local NBA games. Tech giants are thinking about buying media rights from Diamond Sports Group, who is bankrupt.

An anonymous person disclosed limited information about the situation. He mentions that these prominent players in the media and tech industries are exploring this option. One criterion the individual states is that they are looking to secure a substantial number of teams. DirecTV, a satellite-TV provider, also showcased its interest.

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Presently, half of the NBA, comprising 15 teams, continues to broadcast their local games through Bally Sports RSNs. Since March, the Diamond Sports Group, the owner of Bally Sports RSNs, has been navigating the bankruptcy process. In the aftermath, three teams severed ties with Bally Sports RSNs.

Shaquille O’Neal was once afraid of bidding against Jeff Bezos

Shaquille O’Neal is another Lakers star who was in talks of dabbling against Jeff Bezos. Unlike Magic Johnson, O’Neal approached the billionaire differently. The most dominant NBA player found the prospect of competing against Jeff Bezos understandably daunting. The Hall of Famer revealed that Bezos’ immense wealth was the factor that dissuaded him from pursuing ownership of the NBA’s Phoenix Suns. Speaking to TMZ Sports, O’Neal emphasized, “Nobody on this planet can compete with Big Man JB,” using the moniker for Bezos. He then joked, “Because you know what? I just ordered 50 things off Amazon today. Big Man JB got that money coming in.”

Reports from ESPN indicate Bezos was among several billionaires contemplating a bid for the Suns. Other notable people running are Bob Iger, Larry Ellison, and Laurene Powell Jobs.

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