Dan has been having a fallout with the NFL so $6 billions it is

[theking]

..Ever since the name "Redskin" dispute that forced him to change it, Dan Snyder has been having a fallout with the NFL so it's time to part ways?  :

"Commanders announce Daniel Snyder has reached sale agreement with Josh Harris
Harris reportedly agrees to buy the team for $6 billion"

The sale of the Washington Commanders took another important step Friday when the team announced it entered into a purchase and sale agreement with the ownership group led by Josh Harris, according to NFL Network's Ian Rapoport.

"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", Tanya and Dan Snyder said in a statement. "We look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years."

Harris, a native of Washington, D.C. who also owns the New Jersey Devils and the Philadelphia 76ers, reportedly agreed to buy the Commanders for $6 billion. Magic Johnson is reportedly a part of the ownership group as well. The NFL and team owners still need to approve the sale before it can go into effect.

[theking]

NFL approves $6.05B sale of Commanders, fines Dan Snyder $60M after releasing investigation report

After months of grinding on the details, the sale of the Washington Commanders is officially complete. And with it, lightning-rod team owner Dan Snyder is no longer a member of the league’s ownership class.

Snyder’s fellow NFL franchise owners voted unanimously to approve the $6.05 billion sale on Thursday, the league announced, transferring the team into the hands of a group led by private equity investor Josh Harris. The move came swiftly after the league’s finance committee gave club owners a green light earlier in the week, recommending a transaction that could ultimately pave the way for future “group collectives” purchasing NFL teams, rather than the tradition model of one owner holding the majority of equity in a franchise.

"Congratulation s to Josh Harris and his impressive group of partners," NFL commissioner Roger Goodell said in a statement. "Josh will be a great addition to the NFL. He has a remarkable record in business, sports and in his communities. The diverse group that Josh has put together is outstanding for its business acumen and strong Washington ties and we welcome them to the NFL as well.

"I met Josh several years ago, prior to his acquisition of an interest in the Steelers and have been fortunate to get to know him better over the past few months. I know he has a commitment to winning on the field, but also to running an organization that everyone will be proud of — and to making positive contributions in the community."

The NFL has approved the sale of the Washington Commanders, ending Dan Snyder's time as a team owner. (Tim Heitman-USA TODAY Sports)
The NFL has approved the sale of the Washington Commanders, ending Dan Snyder's time as a team owner. (Tim Heitman/USA Today)
The sale sets a world record in pricing for a sports team, eclipsing the $5.3 billion purchase of English Premier League club Chelsea in 2022 by a group led by Los Angeles Dodgers co-owner Todd Boehly. It also represents a significant leap forward for NFL franchise prices, significantly outpacing the $4.65 billion purchase of the Denver Broncos by the Walton-Penner group last year.

Aside from the weighty financial implications of the sale for the NFL, it also represents a fresh start for a franchise and fan base that went through significant upheaval during Snyder’s tenure. Despite entering the league’s ownership ranks in 1999 with big expectations following his $800 million purchase of the Washington franchise, Snyder’s reign became mired in a vast array of failure. From decades of poor performance on the field to the long-running controversy over the team’s former nickname — not to mention an inability to secure a new stadium — Snyder was largely seen across the league as a man running a once-proud cornerstone franchise into the ground.

[ProudLao]

Glad he’s out of the league.