Key takeaways:
- The Washington Commanders have been sold to a group led by Philadelphia 76ers owner Josh Harris for a record $6.05 billion.
- The new ownership group includes Harris, Washington-area billionaire Mitchell Rales, and basketball Hall of Famer Magic Johnson.
- The sale of the Commanders franchise is still subject to approval from the NFL, and is expected to bring fresh ideas and a renewed energy to the team.
The Washington Commanders have been sold to a group led by Philadelphia 76ers owner Josh Harris, it was announced Friday. The two sides released a joint statement confirming the deal, which is believed to be worth a record $6.05 billion. This is the highest price ever paid for a North American sports franchise.
The new ownership group includes Harris, Washington-area billionaire Mitchell Rales, and basketball Hall of Famer Magic Johnson. Johnson expressed his excitement in a tweet following the announcement, saying he was “so excited to be part of the new ownership group.”
The sale of the Commanders franchise is still subject to approval from the NFL. The agreement was reached roughly a month after the two sides reached an agreement in principle on the sale.
Dan Snyder, the Commanders’ longtime owner, has not yet commented on the sale. However, the record-breaking deal is sure to be a major boost for the Commanders franchise and the NFL as a whole. It is expected that the new ownership group will bring fresh ideas and a renewed energy to the team.
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