“We are very pleased to have reached an agreement for the sale of the Commanders franchise with Josh Harris, an area native, and his impressive group of partners.'
“We are very pleased to have reached an agreement for the sale of the Commanders franchise with Josh Harris, an area native, and his impressive group of partners,” Snyder and his wife, Tanya, said in the statement. “We look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years.”
Snyder has owned the team since 1999, when he bought his favorite boyhood team for $750 million, and despite mounting criticism repeatedly said he’d never sell. That changed after multiple investigations by the league and Congress into Washington’s workplace misconduct and potential financial improprieties. The congressional investigation found Snyder Harris’ group includes Washington-area billionaire Mitchell Rales, the basketball Hall of Famer Johnson and David Blitzer, among others.
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 long-term culture of success.
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