All 32 team owners voted for the sale, which is the highest price paid for a North American professional sports team. After the finance committee approved the agreement with the new ownership group, Harris Blitzer Sports and Entertainment, a special league meeting was called to consider and vote on it before the 2023 season begins.
The sides announced the deal in a joint statement Friday, roughly a month after they reached an agreement in principle on the sale for a record $6.05 billion.
Dan Snyder is nearing a $6 billion sale to a group that includes private equity founder Josh Harris, billionaire titan Mitchell Rales plus NBA legend Magic Johnson, according to multiple reports. The finalization of a sale would mark the end of a beleaguered tenure for Snyder, who purchased the team in 1999, and has presided over a franchise that in aggregate performed poorly on the field and had one scandal after another within the organization.
WASHINGTON (AP) — Magic Johnson has joined Josh Harris’ bid to buy the NFL’s Washington Commanders, according to a person with knowledge of the situation. The person spoke to The Associated […]
Exclusives
The new channel aimed at black families is available in about 7 million homes and in 16 of the top 25 African-American markets (including New York, Atlanta, Chicago and Washington). It can be seen by some customers served by Time Warner Cable Inc. and by Comcast Corp., the nation’s largest cable operator, which is introducing the minority-oriented Aspire as part of an agreement struck with the FCC when Comcast purchased NBC Universal.
The price would shatter the mark for a sports franchise. The deal, revealed about five hours after Major League Baseball owners approved three finalists for an intended auction, is one of several steps toward a sale of the team by the end of April. It is subject to approval in federal bankruptcy court.
Comcast will launch four minority-owned networks on its cable TV systems in the next two years, including channels spearheaded by music mogul Sean “P. Diddy” Combs and NBA great Magic Johnson. The new channels are part of an agreement reached by Comcast with the FCC and Department of Justice when it was allowed to become majority owner of NBCUniversal.
