After Spending $5,600,000,000 With Magic Johnson on NFL Team, NBA Millionaire Splurges to Battle Michael Jordan and More in NASCAR

NBA icon Michael Jordan?won’t be the only owner in NASCAR with links to the NBA anymore. After teaming up with Los Angeles Lakers legend Magic Johnson to purchase the Washington Commanders for a record amount a few months back, the $8 billion worth private equity investor has now bought a minority stake in Joe Gibbs Racing.

For months, the hot topic of discussion revolved around the sale of the Washington Commanders. After pressure from NFL owners who reportedly wanted previous Commanders owner Dan Snyder gone, the bids came flying in. Many big names, such as Jeff Bezos, stepped up. At the end of the day, an ownership group led by Josh Harris won the race with a $5.6 billion bid. Yet Harris wants to expand his network in sports.

Michael Jordan will have to face a fellow NBA owner on a NASCAR track

JGR is one of the most revered and successful NASCAR franchises. They won their first cup back in 1993. Since then, the team has collected 204 cups and 197 Xfinity wins under its belt. Their roster is led by Denny Hamlin, a driver who was named among NASCAR?s 75 greatest. Many also know Hamlin as a close accomplice of Michael Jordan. The two are great friends and even began 23XI Racing together.

Recently, Joe Gibbs Racing announced a sale of its minority stake. The buyers were the Harris Blitzer Sports & Entertainment, a group founded by Josh Harris. Harris is a well-known owner in the sports realm. He previously butted heads with Jordan as an NBA team owner, operating the Philadelphia 76ers. He also owns the NHL?s New Jersey Devils. Speaking on their new partnership, Joe Gibbs had great things to say about Harris.

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?Josh Harris, David Blitzer, and their entire team have a vision that has delivered winning franchises in basketball, hockey, soccer and youth sports. Their teams are among the most successful in their leagues in growing audience and sponsorship and their commitment to the communities they work in are unparalleled,? said the JGR owner, as reported by NBC Sports.

Both Harris and Gibbs have been friends for some time now. From working in an advisory capacity in Harris’s pursuit of buying the NFL franchise to finding his acumen in both NFL and NASCAR, it is only natural for Harris to announce Gibbs to be “a winner” of sorts. The 58-year-old investor sang praises of the veteran Washington Commanders coach, ?He has led organizations that build winning cultures based on strong values and a deep commitment to family and faith. This investment and partnership aims to support his vision and allow Joe Gibbs Racing to continue its track record of excellence long into the future.”

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MJ has been making the headlines lately due to his affiliation with the Charlotte Hornets. With His Airness set to sell his majority stake in the often-maligned NBA franchise, his focus might shift to his NASCAR team, 23XI Racing. With that said, do you think Michael Jordan will beat his new nemesis on the track? Share your take in the comments below!