, which would be the biggest fee for a sports team in history. The deal saw the team's ownership exchange hands from Dan Snyder, who had previously owned the franchise since 1999. Snyder paid $800 million (£622.4m) for the Commanders more than two decades ago, and has made 750 per cent profit on his original investment. After the news was confirmed, Johnson posted an emotional tweet expressing his delight to Washington fans. And now the 63-year-old has gone into more detail of how he and Harris will help build the franchise going forward. "It's the biggest thing I've ever done in my life. It's a lifelong dream," Johnson said in an interview with the TODAY Show on Friday, July 21. "I think it's going to be great. It's going to be great for the Commanders fans, it's going to be great for the players as well, and for all the employees as well." The NBA icon, who played for the Los Angeles Lakers during his illustrious career, says that 'everything is on the table' when it comes to the team potentially changing name. Washington first changed their name in 2020 to the 'Washington Football Team'. That was then changed again to the current name, the Commanders, which came into effect for the 2022 NFL regular season. "I think everything is on the table, especially after this year,' said Johnson, when asked if a change of name once again is possible. 'We'll see where we are with the name, but I can't say that right now." "We're going to spend this year understanding what we have){kind=link}
NBA icon Magic Johnson has hinted there could be big changes at the Washington Commanders after the takeover was formally completed for the NFL franchise this week
Magic Johnson has hinted that there will be big changes at the Washington Commanders following the recent takeover – potentially even the team’s name.
Johnson is part of a consortium led by Josh Harris and the Harris group that completed a takeover of the NFL franchise. It’s been reported that the deal in total is worth $6 billion (£4.6 bn), which would be the biggest fee for a sports team in history.
The deal saw the team’s ownership exchange hands from Dan Snyder, who had previously owned the franchise since 1999. Snyder paid $800 million (£622.4m) for the Commanders more than two decades ago, and has made 750 per cent profit on his original investment.
After the news was confirmed, Johnson posted an emotional tweet expressing his delight to Washington fans. And now the 63-year-old has gone into more detail of how he and Harris will help build the franchise going forward.