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group led by Josh Harris, including Magic Johnson, is set to purchase
the NFL's Washington Commanders from owner Dan Snyder and his family for
a record-breaking $6.05B. The deal, pending approval from three-quarters of the owners and other
closing conditions, surpasses the previous record set by the sale of the
Denver Broncos for $4.55B last year. - Snyder has owned the Washington Commanders since 1999 and stated he would never sell the team.
- The sale comes after investigations into workplace misconduct and potential financial improprieties within the organization.
- In addition to Harris and Johnson, the new ownership group includes Mitchell Rales and David Blitzer.
- The group aims to build a new stadium to replace FedEx Field and make significant investments on and off the field.
- Hall
of Fame coach Joe Gibbs supported the new ownership group and their
commitment to reconnecting the franchise with the community.
- Last year, Snyder announced he was considering selling the team.
- The District of Columbia sued the Commanders in civil court over what it called a scheme to cheat season ticket holders out of money.
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