Josh Harris has signed, exclusive deal with Daniel Snyder for Commanders

Source: Washington Post

Josh Harris has signed, exclusive deal with Daniel Snyder for Commanders

By Mark Maske and Nicki Jhabvala
May 12, 2023 at 4:31 p.m. EDT

The group led by Josh Harris has completed a signed agreement to purchase the Washington Commanders from Daniel Snyder. The agreement gives Harris and his investors an exclusivity window to attempt to have the $6.05 billion deal approved by the NFL finance committee and ratified by the league’s team owners.

The two sides jointly announced they have “entered into a purchase and sale agreement.” A person familiar with the deal confirmed that the agreement is signed and exclusive.

The Harris group’s deal with Snyder previously had been unsigned and nonexclusive, potentially leaving the process open to other bidders. That tentative deal still had been sent to the NFL for an informal review, a departure from the league’s normal approval process.

After reviewing the deal Wednesday during a meeting at the NFL’s offices in New York, members of the eight-owner finance committee raised issues that could keep the sale from being put to a ratification vote at the May 22-23 owners’ meeting in Minneapolis, according to three people familiar with the league’s inner workings and the owners’ views.

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Read more: https://www.washingtonpost.com/sports/2023/05/12/josh-harris-dan-snyder-commanders-deal/

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