The Josh Harris-led group is set to buy Washington Commanders for a record $6.05 billion when Dan and Tanya Synder agree to the sale; the deal is subject to NFL approval with a vote of at least 24 of the league’s 32 owners; Harris is the principal owner of the NBA’s Philadelphia 76ers.
Washington Commanders owners Dan and Tanya Snyder have agreed to sell the NFL franchise to Josh Harris and his group.
Washington Commanders owners Dan and Tanya Snyder have agreed to sell the NFL franchise to Josh Harris and his consortium in a record $6.05 billion deal.
The parties announced the development in a joint statement on Friday, about a month after reaching an agreement in principle on the sale, which would be the highest price paid for a North American professional sports team.
The deal is subject to NFL approval with a vote of at least 24 of the league’s 32 owners.
Harris is managing partner of the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils, and also a general partner of English Premier League club Crystal Palace.
Harris is managing partner of the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils, and also a general partner of English Premier League club Crystal Palace.
His group includes basketball Hall of Famer Magic Johnson.
Dan and Tanya Snyder said in a statement on Friday: “We are very pleased to have reached an agreement for the sale of the Commanders franchise with Josh Harris, a native of the area, and his impressive group of partners.
“We look forward to the speedy completion of this transaction and look forward to Josh and the team for years to come.”
Harris said in his statement: “On behalf of our entire ownership group, including Mitch Rales, my longtime sports business partner David Blitzer and Earvin Magic Johnson, I want to express how excited we are to be considered by the NFL for the next owners”. of the Washington Commanders and how committed we are to delivering a championship-caliber franchise to this city and its fan base.
“Growing up at Chevy Chase, I experienced firsthand the excitement around the team, including their three Super Bowl victories and long-term winning culture.
“We look forward to formal NFL approval of our property in the coming months and to be honored to serve as responsible managers of the Commanders franchise in the future.
“We look forward to running a world-class organization and making significant investments on and off the field to achieve excellence and make a lasting, positive impact in the community.”
Basketball legend Johnson tweeted: “Couldn’t be more excited to be a partner in the proposed new ownership group for the Washington Commanders.
“Josh Harris has assembled an incredible group that shares a commitment to not only doing great things on the field, but also making a real impact in the DMV community.
“I am very excited to get to work executing our vision for Commanders and our loyal fan base.”
