Washington Commanders owner Dan Snyder has reached an agreement in principle to sell the NFL franchise to a group led by New Jersey Devils and Philadelphia 76ers owner Josh Harris for $6 billion, a source said, which if completed would end Snyder’s controversial 24-year tenure as owner.
The sale price would be a record for an NFL franchise.
Both sides hope to execute a deal and inform the NFL’s finance committee soon. A Commanders official declined to comment to the Washington Business Journal.
Harris’ group is reported to include Mitchell Rales, one of the billionaire co-founders of D.C. conglomerate Danaher Corp. (NYSE: DHR) and the owner of Glenstone contemporary art museum in Potomac. Former NBA superstar Magic Johnson is said to be among a group of limited partners involved in the bid.
The news emerges just one day after it was widely reported that Amazon founder Jeff Bezos would not submit a late bid. It became clear last month that the Harris group had the inside track…
Read the full story from the Washington Business Journal.
