Dan Snyder Nears $6 Billion Deal to Sell Washington Commanders to Josh Harris
Dan Snyder is nearing a deal to sell the Washington Commanders to a group led by private-equity titan Josh Harris for approximately $6 billion, people familiar with the matter said, a sale that would end one of the most tumultuous team ownership tenures ever with a record-breaking price.
Snyder, who bought the club in 1999 for $800 million, has been under immense pressure in recent years owing to several issues. Those include the prior name of the franchise; an unusually public feud with his former minority partners; and investigations that found a toxic workplace culture. At the same time, one of the National Football League’s most historic franchises floundered on the field during his tenure.
Dan Snyder is nearing a deal to sell the Washington Commanders to a group led by private-equity titan Josh Harris for approximately $6 billion, people familiar with the matter said, a sale that would end one of the most tumultuous team ownership tenures ever with a record-breaking price.
Snyder, who bought the club in 1999 for $800 million, has been under immense pressure in recent years owing to several issues. Those include the prior name of the franchise; an unusually public feud with his former minority partners; and investigations that found a toxic workplace culture. At the same time, one of the National Football League’s most historic franchises floundered on the field during his tenure.
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