Washington Commanders owner Daniel Snyder and a group led by Josh Harris have reached an agreement in principle for a $6 billion sale of the NFL franchise. Harris is the co-owner of the NBA’s Philadelphia 76ers, NHL’s New Jersey Devils and Premier League’s Crystal Palace. His ownership group for the Commanders includes billionaire Mitchell Rales and NBA legend Magic Johnson.
The 58-year-old Snyder purchased the Commanders in 1999, and made the playoffs just six times over his 24-year ownership.The Commanders went 8-8-1 and finished last in the NFC East last season. They have won the division title just three times since 1999, Snyder’s first year as owner.
Several groups were interested in buying the Commanders, including one led by Houston Rockets owner Tilman Fertitta, who declined to bid more than $5.6 billion for the franchise. Amazon founder Jeff Bezos, who was rumored to be interested in the team, did not submit a bid.
The Commanders were surrounded in controversy in recent years because of what has been reported as a “toxic workplace culture,” resulting in numerous investigations into sexual harassment claims and financial improprieties.
Editorial credit: Jeff Bukowski / Shutterstock.com