Dan Snyder to Proceed With Sale of Washington Commanders to Josh Harris
Dan and Tanya Snyder agreed on Friday to sell the Washington Commanders to an investment group led by Josh Harris, leaving the N.F.L. to sign off on the proposed $6 billion sale.
The two sides had reached a tentative agreement a month ago, but the nonexclusive deal gave Snyder the ability to continue to look for other bidders, or even walk away.
On Friday, Harris and his group said they entered into a purchase and sale agreement, which would set a record price for a sports franchise if it is approved by the N.F.L.’s finance committee and at least three-quarters of the league’s 31 other team owners.
“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,” Tanya and Dan Snyder said in a joint statement. “We look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years.”
Source: The New York Times
