NFL Owners Recognize Washington Commanders’ Record Sale

ESPN.comJuly 20, 2023, 4:59 PM ETReading: 5 min.

Josh Harris: ‘A New Era of Football Begins in Washington’

The Commanders’ new owner talked about taking over the organization after completing the purchase on Thursday.

The NFL Board of Owners on Thursday approved the sale of Daniel Snyder’s Washington franchise to Josh Harris.

A new era officially begins Washington generals.

This Thursday, the owners nfl Consent to transfer ownership by unanimous vote Daniel Snyder For the group led by Josh Harris A reported figure of 6,050 million dollars is the mark for the clubs nfl, Reporting by Adam Schefter ESPN, Citing a League source.

Harris Belongs to the area Washington DC.And most of the owner Philadelphia 76ers of nba And this New Jersey Devils of NHL. is also a shareholder of Crystal Palace English football.

Josh Harris (right) takes the reins of an organization mired in deep controversy both on and off the field.AP photo

Earlier, he was a minority shareholder Pittsburgh SteelersInterest he had to give up to gain Generals. In 2022, he led a team that failed Chelsea of Premier League English. In addition, he failed to try to get New York Mets of MLB. Harris It also has a minority interest Joe Gibbs RacingMotorsports team considered the most successful head coach in franchise history Washington What are you buying now? Harris.

In nfl, Harris Interested in buying Denver BroncosBefore they were bought by the leadership team Rob Walton In 2022.

With his acquisition Generals, Harris Now finally have a majority stake in a franchise nfl. Forbes rates fortune Harris 6.5 billion dollars.

“Congratulations Josh Harris and its impressive group of partners,” said the Commissioner Roger Goodell of the NFL, this is a statement. “Josh Would be a great addition nfl. He has achieved remarkable achievements in business, sports and his communities. A cohesive diverse team Josh Noted for business expertise and strong relationships WashingtonAnd we welcome you nflFurther.

“…I know he is committed to winning on the field, but also makes a positive contribution to the community by running a company that everyone is proud of.”

As part of a new group of stakeholders led by HarrisIncludes membership of NBA Hall of Famer Earvin ‘Magic’ Johnson; Former CEO of Google, Eric Schmidt; and financier of Colombian descent Alexander Saint Dominic.

The group has 20 limited partners Harris25 below the prescribed limit nfl. Each partner must be approved for financial and security reasons.

Ending a period of great turmoil for ownership of the transaction WashingtonAbout a year and a half after adoption’GeneralsAs its new name, after two years of operation Washington football teamLeaving an offensive and racist name, especially for Native American people.

Snyder And the club has been embroiled in several legal incidents, including allegations of harassment, sexual harassment, financial misconduct and a toxic work culture. The nfl At least two investigations have been launched Generals In recent years, a US congressional investigation into the group has been launched.

During the session before the league owners, The nfl The results of the investigation conducted by the former District Collector were revealed Mary Jo WhiteAt the request of the League, to work culture GeneralsAnd as a result, a fine of 60 million dollars was imposed Snyder. The results of the investigation, which “spanned 17 months and included interviews with dozens of witnesses,” will be shared publicly, according to a league statement. nfl Same day.

In 24 seasons Snyder As the owner, Washington Six playoff appearances, two postseason wins, zero postseason appearances NFC Championship Game. nfl. The club last won a postseason game in 2005.

Off the field, things weren’t much better. Last year, the Generals They were the last nfl Last in percentage of tickets sold and average attendance per game.

Snyder Purchased the club in May 1999 for $800 million Jack Kent Cooke StadiumToday FedEx fieldHouse Generals. At the time, it was the largest move by a sports franchise in the United States. Twenty-four years later, Washington Once again establishing the record as the largest transaction of a sports club in the United States. That’s almost a 700 percent return on your initial investment.

Information from Adam Schefter and John Keim was used in the writing of this story.

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Eden Hayes

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