The Washington Commanders sale will NOT be voted on at next week’s NFL owners meeting as the league is still reviewing the details of the $6 billion purchase
- The sale set a record for the highest price ever paid for a sports team in the US
- It will surpass the Denver Broncos’ entire sales of $4.55 billion in 2022
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NFL owners will not vote on the sale of the Washington Commanders when they meet next week in Minneapolis.
Jeff Miller, the league’s vice president of communications, public affairs and policy, said the league is still reviewing details of the $6.05 billion purchase by Josh Harris and partners of Dan and Tanya Snyder.
Instead, NFL owners are notified of where the team sale stands.
“There’s work in that, and the staff is doing that now,” Miller told reporters on a conference call.
Miller did not offer a timeline for a vote, other than to say the process was moving “quickly.”
Sixers and Devils owner Josh Harris is about to buy the Commanders for a record price
Commanders owner Dan Snyder is selling the NFL team after allegations of misconduct and possible financial improprieties
Last week, the Snijders entered into a purchase agreement with Harris, who owns the NHL’s New Jersey Devils and the NBA’s Philadelphia 76ers, and his group, which includes former Lakers star Magic Johnson.
Once completed, the transaction will set a record for the highest price ever paid for a North American sports franchise, surpassing the $4.55 billion Walmart heir Robert Walton paid last year for the Denver Broncos.
Snyder has owned the Commanders since 1999, when he bought his favorite youth team for $750 million, and repeatedly said he would never sell despite mounting criticism. That changed after multiple investigations by the League and Congress into workplace misconduct in Washington and possible financial improprieties. The congressional investigation found that Snyder played a role in a toxic culture.
In addition to Magic, Harris’ partners include Washington billionaire Mitchell Rales and David Blitzer. Harris and Blitzer co-own the Sixers since 2011 and the Devils since 2013.
“I couldn’t be more thrilled to be a partner in the proposed new ownership group for the Washington Commanders,” Magic Johnson tweeted after the Cutters shared an announcement about an agreement between themselves and Harris’s group.
“Josh Harris has assembled a great group that shares a commitment to not only do great things on the field, but to make a real impact in the (Washington-area) community. I am so excited to get started executing our vision for the commanders and our loyal fanbase.”
NBA superstar Magic Johnson is part of Harris’ group to buy Washington along with other partners
Harris’s first task is a new stadium to replace FedEx Field – the Commanders’ home since 1997
Harris grew up in the Washington suburb of Chevy Chase, Maryland. He said he experienced the excitement of the team winning three Super Bowls and building a long-term culture of success.
“We look forward to the NFL’s formal approval of our property in the coming months and the honor of serving as accountable and accountable stewards of the Commanders franchise,” said Harris.
“We look forward to running a world-class organization and making significant investments on and off the field to achieve excellence and make a lasting and positive impact on the community.”
The new owners’ first major task for the long-term future of the organization is a new stadium to replace FedEx Field, the team’s rapidly completed home ground since 1997 in Landover, Maryland, which has not aged well.
Virginia dropped a stadium bill last year amid a number of off-field controversies swirling around the team, though there are opportunities to build there, in Maryland or the District of Columbia on the site of the team’s former home, RFK Stage.