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UPDATE: The deal appears to finally have all the requisite legal finishing touches to move forward. We all knew the league would push this through to get Dan Snyder as far away from the NFL as possible.
Washington Commanders and a partnership led by Josh Harris have entered into a purchase and sale agreement, it was jointly announced today.
— Adam Schefter (@AdamSchefter) May 12, 2023
UPDATE: Josh Harris’ investment group has come to an agreement to buy the Washington Commanders for $6.05 billion.
A group led by 76ers owner Josh Harris has reached an agreement worth $6.05 billion to purchase the Commanders, but it is not exclusive and has not yet been submitted to the league, per sources. https://t.co/6wh7FcKFyQ
— Nicki Jhabvala (@NickiJhabvala) April 13, 2023
UPDATE: The Commanders are going to be sold, but there are still two buyers in the mix, per ESPN’s Adam Schefter. It appears to be a race between the Harris group and billionaire Steve Apostopolous.
Canadian billionaire Steve Apostopolous and his family are still in the mix for the Commanders, with one source telling ESPN that it's "a head-to-head race. ... It's anyone's game."https://t.co/2FkI1Dx25D
— Adam Schefter (@AdamSchefter) April 13, 2023
Ding-dong the witch is dead! The Washington Commanders have new ownership, automatically gaining hope and respect again by subtracting now former owner Dan Snyder from the equation. The new owners, per Sportico, which include Magic Johnson and 76ers co-owner Josh Harris, paid $6 billion for the right to control one of the 32 NFL franchises. They do get one that is in rebuilding mode, but with a historically rabid fanbase, a likely new stadium, coach, and high draft picks, a turnaround is a real possibility under better management.
The problems with Dan Snyder are well documented, both on a personal and organizational level. The Commanders are better without him for many reasons, but they still have a lot of work to do on the field. Since Snyder took over in 1999, Washington has won two playoff games and had a regular season record of 164-220. Before Snyder got a hold of the Commanders, the team won 250 games to 169 losses, while winning three Super Bowls and playing in five total.