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Washington Commanders sale: Dan Snyder and Josh Harris reach US$6.05bn sale agreement

Sale price exceeds US$4.65bn paid for the Denver Broncos last year.

15 May 2023 Josh Sim

Getty Images

The National Football League’s (NFL) Washington Commanders owner Dan Snyder and his family have reached an agreement to sell the franchise to a group led by Josh Harris for a league-record US$6.05 billion.

Confirmed:

  • Harris’ consortium includes billionaire Mitchell Rales, NBA icon Earvin ‘Magic’ Johnson, and sports business partner David Blitzer
  • Transaction subject to approval from the league and team owners

Context:

The deal was first reported last month, with the Commanders’ sale price surpassing the US$4.65 billion paid for the Denver Broncos by the group fronted by Walmart heir Rob Walton last year.

Harris, a founder and managing partner of Blitzer Sports & Entertainment (HBSE), is already a co-owner of the National Basketball Association’s (NBA) Philadelphia 76ers and the National Hockey League’s (NHL) New Jersey Devils, as well as owning a minority stake in Premier League outfit Crystal Palace.

Comment:

“We look forward to running a world-class organisation and making significant investments on and off the field to achieve excellence and have a lasting and positive impact on the community,” said Harris.

Coming next:

Once approved, the new owners will need to prioritise a new stadium for the Commanders, with the franchise earlier this month confirming they would support efforts to try and get control of RFK Stadium, the team’s former home.

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