ASHBURN, Va. (DC News Now) – The Washington Commanders and the Josh Harris group have entered into an exclusive purchase and sale agreement, the team and Harris announced on Friday.
The Harris Group has agreed to purchase the Washington Commanders for roughly $6.05 billion from the Snyder family.
In a statement, Commanders’ co-owners Tanya and Dan Snyder said:
“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. We look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years.”
To make it official, the NFL owners must approve the sale. The next league meeting will take place on May 22nd, and the owners will be updated on the sale. The owners can then choose to vote and officially approve the sale or decide to meet in the coming months to approve the sale.
In a statement from Josh Harris on behalf of the Harris ownership group, Harris says in part:
“Growing up in Chevy Chase, I experienced first-hand the excitement around the team, including its three Super Bowl victories and long-term winning culture. We look forward to the formal approval of our ownership by the NFL in the months ahead and to having the honor to serve as responsible and accountable stewards of the Commanders franchise moving forward.”
Harris goes on to say, “We look forward to running a world-class organization and making significant investments on and off the field to achieve excellence and have a lasting and positive impact on the community.”