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.
I could not be more excited to be a partner in the proposed new ownership group for the Washington Commanders. Josh Harris has assembled an amazing group who share a commitment to not only doing great things on the field but to making a real impact in the DMV community. I’m so…
— Earvin Magic Johnson (@MagicJohnson) May 12, 2023
Snyder has owned the team since 1999.