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NFL owners unanimously approved Josh Harris and his ownership group's purchase of the Washington Commanders from Dan Snyder at Thursday's league meeting in Minnesota, commissioner Roger Goodell announced.Tanya and Dan Snyder agreed in May to sell the franchise to Harris and his group, which includes former NBA star Magic Johnson and billionaire Mitchell Rales. Final approval of the sale required at least 24 NFL owners to accept the deal.The Commanders reportedly sold for $6.05 billion, breaking the record for the most expensive acquisition of a U.S. sports franchise. The Rob Walton-led group that paid $4.65 billion for the Denver Broncos in 2022 held the previous mark.The Commanders are the third major sports franchise Harris owns. Alongside David Blitzer, Harris also owns the NBA's Philadelphia 76ers and NHL's New Jersey Devils.The sale signals the end of a scandal-filled ownership tenure by Snyder that spanned 24 seasons. His time in charge was tainted by alleged workplace misconduct, sexual harassment, and financial impropriety, leading to investigations by the NFL and Congress.The league fined Snyder and the Commanders $10 million in 2021 following an investigation into the team's workplace. A 2022 report by the House Committee on Oversight and Reform also stated that Snyder played a part in creating a "toxic" workplace culture.Snyder purchased the Washington franchise in 1999. He announced in November 2022 that the family would explore potentially selling the club.Harris inherits a Commanders team that hasn't won 10-plus games in a season in a decade. Washington has also finished third or worse in the NFC East in 14 of the last 17 campaigns.
He purchased the team for $800 million in 1999, about $1.5 billion in today’s money. He sold for over $6 billion. So he was fined $60 million after everything? That’s a rounding error when we’re talking about that type of money.
Still bad man gone.
I tried a shot at the math, $60MM looks to be about 1.9% of what he sold the team for. Talk about a very light tap on the wrist haha! I mean a JR Bacon Cheeseburger and some petrol might be 1.9% for me. These people are wealthier beyond belief.