Showtime for Raiders? Magic Johnson eyeing ownership stake in Sin City 

The Las Vegas Raiders could be adding a bit of "Showtime" as Los Angeles Lakers great Magic Johnson seeks an ownership stake in the Raiders. Johnson is said to have been rounding up a team of investors that has been doing its due diligence with the NFL franchise. The acquisition price could end up creating a new record for such deals.

Johnson's interest in owning part of the team comes after a report stated that current owner Mark Davis had received an offer for a stake from an unnamed investor. The unknown investor for the ownership stake valued the franchise as being worth $6.5 billion. Notably, the price would overtake the ownership purchases of the Denver Broncos and Carolina Panthers.

In August this year, the Broncos were purchased by an ownership group led by Walmart heir Rob Walton for $4.65 billion. David Tepper purchased the Carolina Panthers from previous owner Jerry Richardson for $2.2 billion in 2018.

Johnson had previously expressed interest in an ownership stake in the Raiders 10 years ago. The team was then looking for taxpayer money to construct a new stadium in its original home in Oakland, California. The Lakers legend was connected to a possible investment to bring the franchise back to Los Angeles.

However, no such deal ever happened as Los Angeles was home to the NFL franchise from 1982 to 1994 before it moved to Oakland in 1995.

A Raiders spokesperson did not respond to requests for comment regarding Johnson's interest.

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How much are the Las Vegas Raiders valued at?

Las Vegas owner Mark Davis

According to Forbes magazine, the Las Vegas franchise is valued at $5.1 billion, the ninth-highest value in the NFL. The team was purchased by Davis' father, Hall of Fame owner Al Davis, for $180K back in 1966. Mark took over for his father Al as team owner when Al passed away on October 8, 2011.

In 2020, Las Vegas welcomed their fans to Allegiant Stadium in Paradise, Nevada. At $1.9 billion, Allegiant Stadium is the second-most expensive stadium in the NFL. Only SoFi Stadium, home of the Los Angeles Rams and Los Angeles Chargers, cost more at $4.9 billion when it also opened in 2020.