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Dan Snyder agrees to sell Commanders to Josh Harris group for record $6 billion
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One nut to another
Apr 13, 2023, 7:38:15 PM4/13/23
to
Dan Snyder’s beleaguered tenure owning the Washington Commanders appears
to be nearing the finish line.
An agreement has been reached for a $6 billion sale from Snyder to a group
including Wall Street titan Josh Harris, billionaire Mitchell Rales and
NBA legend Magic Johnson, according to multiple reports, though a deal is
not yet finalized.
ESPN, meanwhile, is saying not so fast, reporting that Canadian
billionaire Steve Apostopolous is still embroiled in a “head-to-head race”
with the Harris group.
Nonetheless, the ESPN report also indicated a sale from Snyder is near and
that the Harris group is “optimistic” it will take over the team.
Six billion dollars would be a record for the highest price paid for a
North American sports team, far surpassing the $4.65 billion the Broncos
sold for last year.
Harris, 58, also owns the Philadelphia 76ers and New Jersey Devils.
Harris co-founded the private equity firm Apollo Capital Management but
left the group in 2022.
His net worth is estimated at $7.63 billion by the Bloomberg Billionaires
Index.
<https://nypost.com/2023/04/13/dan-snyder-agrees-to-sell-commanders-to-
josh-harris-group-for-6b/>
to be nearing the finish line.
An agreement has been reached for a $6 billion sale from Snyder to a group
including Wall Street titan Josh Harris, billionaire Mitchell Rales and
NBA legend Magic Johnson, according to multiple reports, though a deal is
not yet finalized.
ESPN, meanwhile, is saying not so fast, reporting that Canadian
billionaire Steve Apostopolous is still embroiled in a “head-to-head race”
with the Harris group.
Nonetheless, the ESPN report also indicated a sale from Snyder is near and
that the Harris group is “optimistic” it will take over the team.
Six billion dollars would be a record for the highest price paid for a
North American sports team, far surpassing the $4.65 billion the Broncos
sold for last year.
Harris, 58, also owns the Philadelphia 76ers and New Jersey Devils.
Harris co-founded the private equity firm Apollo Capital Management but
left the group in 2022.
His net worth is estimated at $7.63 billion by the Bloomberg Billionaires
Index.
<https://nypost.com/2023/04/13/dan-snyder-agrees-to-sell-commanders-to-
josh-harris-group-for-6b/>
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