The proposed over $6 billion purchase price of the Washington Commanders by the Josh Harris led group would crush the previous record sale price for an NFL franchise set by Rob Walton and Greg Penner when they bought the Denver Broncos. Full story:
USA TODAY Sports' Lorenzo Reyes breaks down the details around the sale of the Washington Commanders.Snyder is nearing a deal to sell the team to a group led by, two people familiar with the situation confirmed to USA TODAY Sports on Thursday afternoon. The people spoke on the condition of anonymity due to the sensitive nature of the process and because the sale had not been finalized.
One of the people said the Harris group had reached a preliminary agreement to purchase the team for $6.05 billion, which would crush the previous record sale price for an NFL franchise set by Rob Walton and Greg Penner last year. They The Harris deal is fully financed but not exclusive, the person added. It had yet to be submitted to the NFL as of mid-afternoon Thursday.
A team spokesperson said the Commanders"aren’t in a position to comment" on the potential sale, whichBarring any unexpected hurdles, Thursday's news signals the end of, during which the franchise played under more team names than it won playoff games . Washington's lack of success on the field, and myriad controversies away from it, saw Snyder become a villain of sorts for many diehard fans.Harris, 58, and Rales, 66, will now look to usher in a new era. Harris is the co-founder of private equity firm Apollo Global Management and already owns two other sports franchises, the NBA's Philadelphia 76ers and NHL's New Jersey Devils.
Notably, Harris and Rales both have deep ties to the greater Washington area and attended high school there. They have a combined net worth of roughly $11.7 billion, according to Forbes.
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