Josh Harris, the co-owner of the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils, now has an NFL team in his portfolio after his group finalized a deal to buy the Washington Commanders from previous owners Dan and Tanya Snyder, the sides announced Friday.
The purchase and sale agreement agreed to by the sides is subject to NFL approval. The Snyders had reached a preliminary nonexclusive agreement to sell the franchise to Harris on April 14. At the time, the deal was fully financed but had not yet been signed.
“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,” the Snyders said in a statement. “We look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years.”
Harris, who grew up in Bethesda, Maryland, co-founded Apollo Management — an asset management firm — in 1990. He has a net worth of $5.8 billion, according to Forbes. Mitchell Rales, who has a net worth of $5.5 billion, and Hall of Fame basketball player Magic Johnson are also part of Harris’ group.
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