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Commanders' record sale agreed to by Snyder family, Harris group that includes Magic Johnson

2023-05-13 04:54
A group led by Josh Harris has agreed to buy the NFL’s Washington Commanders from longtime owner Dan Snyder and his family
Commanders' record sale agreed to by Snyder family, Harris group that includes Magic Johnson

ASHBURN, Va. (AP) — A group led by Josh Harris has agreed to buy the NFL's Washington Commanders from longtime owner Dan Snyder and his family.

The sides announced the deal in a joint statement Friday, roughly a month after they reached an agreement in principle on the sale for a record $6.05 billion.

The deal is the highest price paid for a North American professional sports franchise. It is still pending approval of three-quarters of owners and other customary closing conditions.

Harris’ group includes Washington-area billionaire Mitchell Rales and basketball Hall of Famer Magic Johnson. Snyder has owned the team since 1999.

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