NFL owners unanimously agreed to sell the Washington Commanders from Dan Snyder to a group led by Josh Harris and including Magic Johnson for a record $6.05 billion I All 32 team owners voted for the sale, which is the highest price paid for a professional sports team
Last Updated: 20/07/23 10:33pm
NFL owners unanimously agreed to sell the Washington Commanders from Dan Snyder to a group led by Josh Harris and including Magic Johnson for a record $6.05 billion
NFL owners agreed to sell the Washington Commanders franchise for $6.05 billion to a group led by Josh Harris and including Magic Johnson.
Financial terms of the deal were not disclosed although reports in April said the deal was for an NFL-record price of $6.05bn.
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The group led by Harris, who is a managing general partner of Harris Blitzer Sports & Entertainment (HBSE), includes Maryland businessman Mitchell Rales and Magic Johnson, who won five NBA titles during his Hall of Fame career with the Los Angeles Lakers.
“Congratulations to Josh Harris and his impressive team of teammates,” NFL Commissioner Roger Goodell said in a statement.
“Josh will be a great addition to the NFL. He has an outstanding record in business, sports, and in his communities. The diverse team that Josh has brought together is remarkable for his business acumen and strong ties to Washington and we welcome them to the NFL.”
Dallas Cowboys owner Jerry Jones beamed as he walked down the escalator and into the meeting room, giving a brief interview to reporters about the impending sale of his division rival.
“It’s a landmark day,” Jones said. “I’m excited about the prospects of going to Washington and giving them the death penalty.”
Separately, the NFL also released the findings of an independent investigation into allegations of sexual misconduct and financial deficiencies made by former Commanders employees.
Due to the findings, outgoing owner Dan Snyder will pay $60m to the league “in resolution of the findings and all outstanding matters.”
