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Harris group agrees to buy NFL's Washington Commanders from Snyder family

Commanders Sale Football
Posted at 4:46 PM, May 12, 2023
and last updated 2023-05-12 16:46:38-04

ASHBURN, Va. (AP) — A group led by Josh Harris has agreed to buy the NFL's Washington Commanders from longtime owner Dan Snyder and his family.

The sides announced the deal in a joint statement Friday, roughly a month after they reached an agreement in principle on the sale for a record $6.05 billion.

The deal is the highest price paid for a North American professional sports franchise. It is still pending approval of three-quarters of owners and other customary closing conditions.

Harris’ group includes Washington-area billionaire Mitchell Rales and basketball Hall of Famer Magic Johnson.

Snyder has owned the team since 1999.