NFL team owners on Thursday unanimously approved billionaire Josh Harris’ purchase of the Washington Commanders, greenlighting the formal end to scandal-plagued billionaire owner Dan Snyder’s two-plus-decade run, as the team looks to bounce back from a winless drought mired in controversies.
NFL team owners approved billionaire Josh Harris' purchase of the Washington Commanders.
The Commanders, which were renamed before the 2020 season from the Washington Redskins and played briefly as the Washington Football Team, announced in May a group of investors led by Harris would purchase the team—the deal is expected to close as soon as Friday.
Harris’ Blitzer Sports & Entertainment investment group agreed to pay $6.05 billion for the team, which would be the most expensive in league history, significantly topping Walmart heir Rob Walton’s $4.6 billion acquisition of the Denver Broncos last year.
Harris, through his investment group, also owns the Philadelphia 76ers and New Jersey Devils, and purchased the Commanders alongside NBA Hall-of-Famer Earvin “Magic” Johnson and investor David Blitzer.
This is a developing story.
Billionaire Josh Harris Buys Washington Commanders, Ending Dan Snyder’s Controversial Run (Forbes)