The Washington Commanders sale will not be voted on at the NFL owners’ meeting next week as the league is still considering details of the $6 billion purchase.
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NFL owners will not vote on selling the Washington Commanders when they meet next week in Minneapolis.
Jeff Miller, the league’s vice president of communications, public affairs and policy, said the league is still reviewing details of the $6.05 billion purchase by Josh Harris and his partners of Dan and Tanya. Snyder.
Instead, NFL owners will be notified of the status of the team sale.
“There’s work to be done there, and the staff are doing it now,” Miller told reporters on a conference call.
Miller didn’t offer a timeline for a vote, except to say the process was moving “quickly.”
Sixers and Devils owner Josh Harris is set to buy the Commanders for a record fee
Commanders owner Dan Snyder is selling the NFL team after allegations of misconduct and potential financial improprieties
Last week, the Snyders reached a purchase agreement with Harris, who owns the NHL’s New Jersey Devils and the NBA’s Philadelphia 76ers, and his group that includes former Lakers star Magic Johnson.
When the deal closes, it will set a record for the highest price ever paid for a North American sports franchise, topping the $4.55 billion Walmart heir Robert Walton paid for the Denver Broncos. last year.
Snyder has owned the Commanders since 1999, when he bought his favorite childhood team for $750 million, and despite mounting criticism he has repeatedly said he would never sell. That changed after multiple league and congressional investigations into Washington’s malpractice and potential financial improprieties. The congressional investigation found that Snyder played a role in a toxic culture.
Besides Magic, Harris partners include Washington-area billionaire Mitchell Rales and David Blitzer, among others. Together, Harris and Blitzer have owned the Sixers since 2011 and the Devils since 2013.
“Couldn’t be more excited to be a partner in the proposed new ownership group for DCs,” Magic Johnson tweeted after the Snyders shared an announcement about a deal between them and Harris’ group.
“Josh Harris has assembled an incredible group that shares a commitment to not only doing great things on the court, but also making a real impact in the (Washington area) community. I’m so excited to get to work implementing our vision for Commanders and our loyal fanbase.
NBA superstar Magic Johnson part of Harris group to buy Washington along with other partners
Harris grew up in the Washington suburb of Chevy Chase, Maryland. He said he got to experience the excitement of the team winning three Super Bowls and establishing a culture of long-term success.
“We look forward to the formal endorsement of our ownership by the NFL in the months ahead and to having the honor to serve as responsible stewards and managers of the Commanders franchise in the future,” Harris said. .
“We look forward to leading a world-class organization and making significant investments on and off the pitch to achieve excellence and have a lasting, positive impact on the community.”
The new owners’ first major task for the organization’s long-term future is a new stadium to replace FedEx Field, the team’s emergency home since 1997 in Landover, Maryland, which hasn’t aged well.
Virginia dropped a stadium bill last year amid a number of off-field controversies swirling around the team, although there are opportunities to build there, in Maryland or the District of Columbia at the site of the team’s former home, RFK Stadium.