NFL owners unanimously approved the sale of the Washington Commanders on Thursday from Dan Snyder to a group led by Josh Harris and including Magic...
BLOOMINGTON, Minn. — NFL owners unanimously approved the sale of the Washington Commanders on Thursday from Dan Snyder to a group led by Josh Harris and including Magic Johnson for a record $6.05 billion.
All 32 team owners voted for the sale, which is the highest price paid for a North American professional sports team. After the finance committee approved the agreement with the new ownership group, Harris Blitzer Sports and Entertainment, a special league meeting was called to consider and vote on it before the 2023 season begins.
Snyder had owned his favorite boyhood team since 1999, when he bought it for $800 million. Success was fleeting, both on and off the field. With Snyder in charge, the team made the playoffs just six times in 24 years, only twice won a postseason game and went 166-226-2 overall. The franchise has lost a significant amount of luster from the glory days under coach Joe Gibbs, who won three Super Bowls in his 12-year run from 1981-92.
Ultimately, that process led to a group chaired by Harris. His investment crew also includes David Blitzer, with whom he co-owns the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils, Washington-area businessman Mitchell Rales and more than a dozen others. The unusually large ownership group needed and received league finance approval for a deal that shattered the $4.35 billion Walmart heir Rob Walton paid last year for the Denver Broncos.
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