{"id":5387,"date":"2023-07-21T01:07:37","date_gmt":"2023-07-21T05:07:37","guid":{"rendered":"https:\/\/firstandpen.com\/staging\/5861\/?p=5387"},"modified":"2023-07-21T09:59:00","modified_gmt":"2023-07-21T13:59:00","slug":"washington-commanders-sale-magic-johnson-seven-black-nfl-team-owners","status":"publish","type":"post","link":"https:\/\/firstandpen.com\/staging\/5861\/washington-commanders-sale-magic-johnson-seven-black-nfl-team-owners\/","title":{"rendered":"With Commanders Sale, The NFL Has Seven Black Team Owners"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Thursday was the day all Washington football fans have been dreaming of since Daniel Snyder first started dragging the franchise down after acquiring it for $800 million in 1999.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yesterday afternoon, 31 NFL team owners unanimously approved the sale of the Washington Commanders to Josh Harris, owner of the Philadelphia 76ers, for a record-setting $6.05 billion.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Approved and expected to close shortly \u2705<br><br>A message from Josh Harris \u2935\ufe0f <a href=\"https:\/\/t.co\/DcZisMAzKM\">pic.twitter.com\/DcZisMAzKM<\/a><\/p>&mdash; Washington Commanders (@Commanders) <a href=\"https:\/\/twitter.com\/Commanders\/status\/1682145466169843713?ref_src=twsrc%5Etfw\">July 20, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The historic sale ends the Daniel Snyder era, which will most likely be considered the worst team ownership tenure in NFL history.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Harris, who also owns equity stakes in the New Jersey Devils and the English Premier League&#8217;s Crystal Palace Football Club, was as excited as the long-suffering fan base.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;I&#8217;m going to be in Washington a lot,&#8221; <a href=\"https:\/\/twitter.com\/Commanders\/status\/1682156481142050816\">said Harris in a press conference after the vote<\/a>. &#8220;I need to be present, I&#8217;m going to be part of the community again. I&#8217;m really looking forward to coming home.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;This is incredibly important right now for this city and I&#8217;m going to be remembered for what I do in Washington, so that&#8217;s not lost on me. So I&#8217;m all in.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That&#8217;s great news for Washington fans, who have been begging for Snyder&#8217;s removal for decades.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While Commanders&#8217; fans celebrate, another fact that should be remembered is that Magic Johnson is part of Harris&#8217; ownership team, which only strengthens the chances of the franchise&#8217;s revival under the new management team.<\/p><div id=\"first-2936720862\" class=\"first-content first-entity-placement\"><!-- \/22950135888\/FAP_Article_Leaderboard_Instream2 -->\r\n<div id='div-gpt-ad-1700413625220-0' style='min-width: 300px; min-height: 90px;'>\r\n  <script>\r\n    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700413625220-0'); });\r\n  <\/script>\r\n<\/div><\/div>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">This is truly the biggest achievement in my business career and a historic moment for the entire Black community. Talk about God\u2019s perfect timing. This was the right organization for me to be a part of given\u00a0it\u2019s\u00a0global appeal, history of winning, and the diverse fanbase and DMV\u2026<\/p>&mdash; Earvin Magic Johnson (@MagicJohnson) <a href=\"https:\/\/twitter.com\/MagicJohnson\/status\/1682133288524169216?ref_src=twsrc%5Etfw\">July 20, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Magic took to Twitter to express his excitement over the purchase of the team.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;This is truly the biggest achievement in my business career and a historic moment for the entire Black community. Talk about God\u2019s perfect timing,&#8221; tweeted Magic. &#8220;This was the right organization for me to be a part of given&nbsp;its&nbsp;global appeal, history of winning, and the diverse fanbase and DMV community. I have a special relationship with the DMV. Many people don\u2019t know I\u2019ve done business in the Washington, DC area for many years. I was one of the owners of the Washington Hilton, I built multiple Starbucks franchises and Magic Johnson Theaters, and empowerment centers with the Magic Johnson Foundation. I also have my company SodexoMAGIC headquartered here. The DMV community has embraced and supported me, and I am honored and ecstatic to be a co-owner of the Commanders franchise!&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Magic also made history on Thursday by becoming the first Black person to have ownership stakes in NFL, MLB, WNBA and MLS teams. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But even more significant is the fact that after the sale of the Commanders, the NFL now has seven Black minority team owners.<\/p><div id=\"first-2354508231\" class=\"first-content_2 first-entity-placement\"><!-- \/22950135888\/FAP_Article_Leaderboard_Instream3 -->\r\n<div id='div-gpt-ad-1700413989195-0' style='min-width: 300px; min-height: 90px;'>\r\n  <script>\r\n    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700413989195-0'); });\r\n  <\/script>\r\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">It all started in 2009 when Venus and Serena Williams bought an equity stake in the Miami Dolphins, making them the first Black owners of an NFL franchise. The majority 95% ownership in the team was bought by current owner Stephen Ross for $1.1 billion in 2009 and he sold a reported .5% stake in the team to the Williams sisters that year. The team is now worth a reported $4.6 billion. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That same year, Warrick Dunn purchased a minority stake in the Atlanta Falcons for $9 million and the team was valued at $856 million; now it&#8217;s estimated to be worth $4 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">13 years later, <a href=\"https:\/\/firstandpen.com\/staging\/5861\/walmart-heir-rob-walton-wins-denver-broncos-with-4-6-billion-bid\/\" target=\"_blank\" rel=\"noreferrer noopener\">when the Denver Broncos were sold for a then-record $4.65 billion to Walmart heir Rob Walton in 2022<\/a>, Mellody Hobson became the third Black NFL minority team owner. She was quickly joined by <a href=\"https:\/\/firstandpen.com\/staging\/5861\/f1-star-lewis-hamilton-joins-denver-broncos-ownership-group\/\" target=\"_blank\" rel=\"noreferrer noopener\">F1 star Lewis Hamilton<\/a> and <a href=\"https:\/\/firstandpen.com\/staging\/5861\/former-secretary-of-state-condoleezza-rice-joins-broncos-ownership-group\/\" target=\"_blank\" rel=\"noreferrer noopener\">former Secretary of State, Condoleezza Rice<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now, a year later after the historic Denver Broncos sale, Magic Johnson joined the ranks of Black NFL team owners and made history in the process.<\/p><div id=\"first-781509104\" class=\"first-content_3 first-entity-placement\"><!-- \/22950135888\/FAP_Article_Leaderboard_Instream4 -->\r\n<div id='div-gpt-ad-1700414036595-0' style='min-width: 300px; min-height: 90px;'>\r\n  <script>\r\n    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700414036595-0'); });\r\n  <\/script>\r\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Hopefully, the next team sale results in a Black majority team owner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thursday was the day all Washington football fans have been dreaming of since Daniel Snyder first started dragging the franchise down after acquiring it for $800 million in 1999. Yesterday afternoon, 31 NFL team owners unanimously approved the sale of the Washington Commanders to Josh Harris, owner of the Philadelphia 76ers, for a record-setting $6.05 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,14],"tags":[619,869,19,103,707],"class_list":["post-5387","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-sports","tag-black-ownership","tag-magic-johnson","tag-nfl","tag-washington","tag-washington-commanders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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