In May it was announced that the Washington Commanders and a partnership led by MoCo native Josh Harris (Chevy Chase) have entered into a purchase and sale agreement. Earlier this week, the NFL finance committee voted unofficially to recommend approval of the deal to buy the Commanders with various sources saying the NFL has reached an agreement with Daniel Snyder to resolve any remaining legal issues. Today, the approval is expected to become official at the NFL owners’ meeting in Minneapolis.
The sale to the group led by Philadelphia 76ers co-owner and Chevy Chase native Josh Harris, Potomac billionaire Mitchell Rales, and NBA legend Magic Johnson for just over $6 billion is expected to close on Friday. Snyder purchased what was then the Washington Redskins for $800 million in 1999 after the death of previous owner Jack Kent Cooke.