The price tag tops the previous record of $4.65 billion set when Walmart heir Rob Walton’s group bought the Denver Broncos last year.
By Rob Maaddi and Stephen Whyno | Associated Press
The person spoke to The Associated Press on condition of anonymity Thursday because the deal hasn’t been finalized. Another person told the AP a deal hasn’t been sent to the league for approval yet. Once the deal is approved, Harris would owns stakes in teams in three of the four major North American pro sports leagues. He and David Blitzer have owned the NBA’s Philadelphia 76ers since 2011 and the NHL’s New Jersey Devils since 2013.This price for the Commanders shatters what Harris and Blitzer paid for those organizations and tops the previous record of $4.65 billion set when Walmart heir Rob Walton’s group bought the Denver Broncos last year.
The sale of the Commanders is pending the execution of a contract and then approval from the rest of the league’s owners. It would take 24 of 32 votes to pass, which is not expected to be a problem after the Broncos sale was unanimously approved and given Snyder was beginning to fall out of favor with the group.
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