Commanders agree to record-breaking $6.05bn sale

The Washington Commanders co-owner Dan Snyder has agreed the takeover bid from American investor Josh Harris, which would see the sell of the NFL franchise for a record-breaking fee.

The estimated fee is reported to be around $6.05bn, which tops the previous record of $4.65bn, set last year by the Walton-Penner group, who purchased the Denver Broncos.

Under Harris’ wing are NBA legend Magic Johnson and billionare Mitchell Rales.

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A meeting between all 32 team owners is scheduled for May 22-24 in Minneapolis, where the deal will be approved by the finance committee and ratified by 75 % of the owners.

“We are very pleased to have reached an agreement for the sale of the Commanders franchise with Josh Harris and his impressive group of partners”, Dan Snyder and his wife Tanya 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.”