Commanders’ record sale agreed to by Snyder family, Harris group that includes Magic Johnson

Business
Published 12.05.2023
Commanders’ record sale agreed to by Snyder family, Harris group that includes Magic Johnson

ASHBURN, Va. –


A gaggle led by Josh Harris has agreed to purchase the NFL’s Washington Commanders from longtime proprietor Dan Snyder and his household.


The sides introduced the deal in a joint assertion Friday, roughly a month after they reached an settlement in precept on the sale for a file US$6.05 billion.


The deal is the best value paid for a North American skilled sports activities franchise. It remains to be pending approval of three-quarters of householders and different customary closing circumstances.


Harris’ group consists of Washington-area billionaire Mitchell Rales and basketball Hall of Famer Magic Johnson. Snyder has owned the staff since 1999.