The Washington Commanders have been officially sold to a consortium led by NBA icon Magic Johnson after a vote from NFL owners approved the sale of the franchise
The sale of the Washington Commanders to a group led by Josh Harris and featuring NBA icon Magic Johnson has been officially approved.
On May 12, it was announced that a deal had been agreed for the NFL franchise to be sold to a consortium led by Johnson. The 12-time NBA All-Star is part of a group that is led by Josh Harris and the Harris group, which has now been officially approved by NFL owners.
Harris is also the co-owner of NBA franchise the Philadelphia 76ers, with the deal first being announced by the Commanders’ now-former owners Dan and Tanya Snyder. It’s been reported that the deal to complete the sale of the NFC East franchise is worth $6 billion.
In the process, the sale has become the most expensive fee for a sports team in history. It comes at the same time that Premier League giants Manchester United are in the process of potentially being sold by the Glazer family.