Amid uncertainty about who exactly will buy the Washington Commanders surfaced this weekend, Philadelphia 76ers owner Josh Harris was clearly the favorite and now he is reportedly nearing to purchase of the franchise from controversial owner Dan Snyder.
The new ownership group would include Harris, Fortune 500 co-founder Mitchell Rales, and former NBA legend Magic Johnson. Amazon founder Jeff Bezos was also in the run, albeit Snyder reportedly barred him from placing a bid on the Commanders franchise as Bezos is the owner of the Washington Post revealed many reports of sexual harassment claims against him.
Josh Harris is all set to grab the ownership of the Washington Commanders
Sportico revealed the deal to the Commanders is now in the hands of the NFL and if everything goes well, the contract will be on the table.
“The league will review the deal and return it to the parties for alteration or, if approved, signatures,” they said.
EXCLUSIVE: Dan Snyder has reached an agreement in principle to sell the @Commanders for $6 billion to a group led by Philadelphia 76ers co-owner Josh Harris
— Sportico (@Sportico) April 13, 2023
The source cited, after the mutual agreement of both parties, the contract will be resubmitted to the league to seek final approval from the NFL owners.
“At that point, it will be resubmitted to the NFL for final approval from its owners, according to the people, who were given anonymity because the matter is private”, they added.
According to Sportico, Sports Business Journal, CBS Sports, and ESPN, Snyder will hedge Harris for $6 billion.
Snyder stirred up controversy due to various past incidents surrounding sexual harassment, financial impropriety, and obstructions against the franchise, forcing him to consider opting out of the ownership.
The sale would end a tumultuous 24-year ownership reign under Snyder including NFL investigations and Congressional inquiries after purchasing it from Jack Kent Cooke in 1999.
The commanders showcased incredible performance under the ownership of Jack as they went to five Super Bowls and grabbed three of them, the team lost their charms under Snyder’s ownership as they managed to make six playoff appearances in 24 seasons and didn’t advance past the divisional round of the playoffs.
As the acquisition of the Commanders by Harris group progresses towards completion, fans eagerly await the outcome of the NFL review. If approved, the ownership could mark a new chapter for the team, with hopes of a brighter future and renewed enthusiasm among fans.
Are you excited to see Harris Group ultimately winning the ownership of the Washington commanders? You can share your thoughts with us in the comments.