ASHBURN, Va. — A group led by Josh Harris that includes Magic Johnson 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, surpassing the $4.55 billion Walmart heir Robert Walton paid for the Denver Broncos last year. It is still pending approval of three-quarters of owners and other customary closing conditions. ”We are very pleased to have reached an agreement for the sale of the Commanders franchise with Josh Harris, an area native, and his impressive group of partners,” Snyder and wife Tanya said in the statement. “We look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years.”
