Are we one step closer to the Washington Commanders having a new owner?
Last week, owner Daniel Snyder reached a preliminary agreement to sell the Commanders to a group led by Josh Harris for $6.05 billion. The deal was considered non-exclusive, which means another group can still top Harris’ bid.
Canadian billionaire Steve Apostolopoulos is reportedly still alive in the bidding, but Harris’s group, which includes fellow billionaire Mitchell Rales and NBA legend Earvin “Magic” Johnson, remains in the driver’s seat.
What happens next?
According to Sportico’s Scott Soshnick, who broke the story, the NFL will review the deal and send it back to both parties to sign. Once signed, it will then be resubmitted to the NFL for final approval. This is where the rest of the owners vote to approve the deal.
The target date for a vote could be May 22-24, when the owners convene in Minneapolis for the next league meeting.