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LEARN MOREPosted: 5:13 p.m. EDT May 12, 2023
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 by three-quarters of all NFL team owners, as well as 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.
Harris said in a statement, "We are very pleased to have reached an agreement for the sale."
