- by cnn
- 28 Sep 2023
Dan and Tanya Snyder agreed to sell the Washington Commanders franchise to a group led by Josh Harris on Friday, according to a statement from from the team and the investment group.
The group also includes NBA legend Magic Johnson as well as Mitchell Rales, the billionaire co-founder of conglomerate Danaher.
The agreement is still subject to NFL approval, the statement said. The Wall Street Journal reported the deal is worth about $6 billion.
"We look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years," a statement from the Snyders said.
Harris, who said he grew up in nearby Chevy Chase, Maryland, is also the majority owner of the NBA Philadelphia 76ers and co-owns the NHL's New Jersey Devils.
Harris' ownership groups include Johnson and billionaire Mitch Rales, Harris' longtime sports business partner.
"We look forward to running a world-class organization and making significant investments on and off the field to achieve excellence and have a lasting and positive impact on the community," Harris said in a statement on behalf of the ownership group.
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