A group led by Josh Harris has agreed to buy the NFL’s Washington Commanders from owner Dan Snyder and his family.
The parties announced the agreement in a joint statement on Friday, about a month after reaching an agreement in principle on the sale for a record $6.05 billion.
The deal is the highest price paid for a professional sports franchise in North America. Three-quarters owner approval and other customary closing conditions are still pending.
Harris’ group includes Washington-area billionaire Mitchell Rales and basketball Hall of Famer Magic Johnson. Snyder has owned the team since 1999.
More to follow.
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