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.
