Magic Johnson Faces Canadian Threat in the Aftermath of Jeff Bezos’ $6,000,000,000 News, Amid Drawn Out NFL Saga

The bidding war for the ownership of the NFL team, Washington Commanders is still on. Their current owner Dan Snyder reportedly wants $6 billion for the team, with the franchise currently valued at $5.6 billion. Amazon founder Jeff Bezos wanted to bid and was probably the most suitable candidate given the amount of money asked by Snyder, but he has no interest in doing business with Bezos for one potential reason. Following this, many famous faces, including NBA legend Magic Johnson, entered the race to bid for the aforementioned franchise. However, a new competitor from Canada has now entered the race to buy the three-time Super Bowl-winning franchise.

The Commanders’ current owner has been in the limelight for about two years after Bezos’ newspaper, The Wahington Post documented a culture of sexual harassment at the team’s offices. This revelation by the said newspaper prompted the Commanders’ owner to apparently ban the Amazon founder from bidding.

Magic Johnson faces a new competitor in the bidding war

According to ESPN, Canadian billionaire Steve Apostolopoulos has entered the race to bid for the Commanders. The piece of news further unveiled that he toured the three-time Super Bowl-winning team’s stadium and facility as he looks forward to buying the team. Prior to him joining the race, there were only two known bidders; the Houston Rockets owner, Tilman Fertitta, and a group led by Josh Harris, which includes Johnson.

Interestingly, Apostolopoulos was initially looking to buy the NBA franchise Charlotte Hornets, as Michael Jordan recently expressed his desire to sell his majority stake in the Hornets. However, Apostolopoulos has seemingly changed his mind and is now fully focused on buying the Commanders.

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Harris’ group was recently bolstered with the addition of Magic Johnson. Moreover, this isn’t the first time that Harris has joined hands with the 5x NBA champion. Johnson was also part of Harris’ group during their unsuccessful attempt at buying the Denver Broncos last summer. With an MLS and WNBA franchise already reaping the rewards of Johnson’s ownership qualities, it’ll be interesting to see if the Lakers legend can add an NFL team to his portfolio.

Who is Steve Apostolopoulos?

Apostolopoulos is a Canadian businessman who was born in Toronto. The Canadian attended Harvard University. He is the founder of a private equity venture fund, Six Ventures Inc. Moreover, he is also the managing director of the real estate management firm, Triple Group of Companies. Over the years, he has contributed to a plethora of philanthropic organizations. His family has an estimated net worth of around $3.9 billion.

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Who do you think will end up as the Washington Commanders’ new owner among all the aforementioned bidders? Let us know in the comments below.