NFL owners will have a special meeting today to discuss the sale of the Washington Commanders to a new owner.
At least 24 of the league’s 32 owners must vote to approve the sale for it to be completed at the meeting and NFL insiders believe the deal will get the green light.
The sale has been underway since May, when the Commanders’ current owners, Dan and Tanya Snyder, signed a purchase and sale agreement to purchase the team for $6.05billion.
The Synders plan on selling the team to a group led by Josh Harris, an investor and philanthropist who already owns multiple sports teams including the Philadelphia 76ers and New Jersey Devils.
The current owners have been under investigation by the NFL for workplace misconduct and unlawful financial conduct, according to the NFL.
Dan has also been accused of sexual misconduct for his behavior with a former team employee, allegations which he has denied.
A 2021 league investigation found that the Commander’s workplace culture was toxic and fined the team $10million.
Follow our Washington Commanders sale live blog for the latest news and updates…
An unsuccessful run
Snyder’s purchase of the Commanders in 1999 was, at the time, the most expensive transaction in sporting history.
But his tenure has far from been a successful one on the field.
Since Snyder’s takeover, Washington has gone through ten coaches and has a losing record of 158–214–1.
During today’s special league meeting NFL owners will consider and vote on the Washington Commanders’ sale to a group led by Josh Harris.
More on Washington Commanders owner Dan Snyder
Born in Silver Spring, Maryland in 1964, Snyder is a successful entrepreneur and billionaire.
He launched his first business at the age of just 17, before abandoning his studies at the University of Maryland three years later.
Snyder claims to have made his first $1million from his parent’s bedroom, leasing jets to fly college students to spring break.
He moved into wallboard advertising and made his fortune over the next two decades, slowly building up his Snyder Communications brand.
Snyder became the youngest-ever CEO of a New York Stock Exchange listed company at the age of just 32.
His parents had stocks in the company and sold their shares for $60m.
Most expensive American sports franchise sales in history
Below is a list of the most expensive U.S. sports sales in history and when they took place:
Most expensive sale
Once the sale is ratified by the NFL owners it will be the record for the most expensive franchise sale of a U.S. sports team.
The $6billion sale will exceed last year’s sale of the Denver Broncos which previously held the record at $4.65billion.
League owners will vote on the sale today at a special meeting.
NBA legend a part of the sale
NFL owners are set to vote to ratify the sale of the Washington Commanders from Daniel Snyder to Josh Harris today.
Josh Harris and his group, which includes NBA legend Magic Johnson will purchase the team for $6billion.
Dan Snyder has owned the team since 1999.
NFL meetings, explained
Rule and policy changes are usually at the forefront of league meetings.
The NFL already passed several alterations at their annual meeting, but more changes could be coming.
During today’s special league meeting NFL owners will consider and potentially vote on the Washington Commanders’ sale to a group led by Josh Harris.
NFL analyst calls today ‘historic’
Adam Schefter has taken to Twitter to share what he believes is one of the most significant days in the history of Washington’s franchise.
He wrote: “One of the most significant days in the history of Washington’s football team finally has arrived.
“NFL owners are expected today to approve the sale of the Washington Commanders from Tanya and Dan Snyder to Josh Harris.”
Meeting to take place in Minnesota
NFL Insider Ian Rapoport has shared an update on the special owner meeting today.
More on the sale
During today’s special league meeting NFL owners will consider and potentially vote on the Washington Commanders’ sale to a group led by Josh Harris.
Harris co-owns multiple professional sports teams and reached an agreement with Commanders owners Dan and Tanya Snyder to buy the franchise for an NFL-record price of $6.05 billion on April 13.
At least 24 out of the league’s 32 owners must vote to approve the sale for it to be completed.
The sale is meant to get done before training camp
The league was hoping to have the sale done before NFL teams open training camp.
The Washington Commanders are set to begin training camp on July 26.
Last year’s sale of the Broncos was also finalized with a meeting of the owners over the summer.
Special owners meeting being held today
NFL owners are set to vote to ratify the sale of the Washington Commanders from Daniel Snyder to Josh Harris today.
NFL owners received a memo in June letting them know that the meeting would take place today.
Snyder owned the Commanders since 1999.