Dan Snyder out as owner of Commanders, sells team for $6.05 billion

Snyder, who bought the Commanders in 1999, sells the team to Josh Harris.

by Dzevad Mesic
Dan Snyder out as owner of Commanders, sells team for $6.05 billion

The NFL has announced that Dan Snyder has officially sold the Washington Commanders to Josh Harris for $6.05 billion. After months of negotiations and attempts to oust Snyder as owner of the Commanders. the saga has finally reached an end.

On Thursday, NFL owners met in Minneapolis, where it was unanimously voted to approve the sale of the Commanders from the Snyder family to the Harris group. The Harris group includes NBA legend Magic Johnson, who was absolutely thrilled after becoming team owner of an NFL team.

The Harris group also includes American billionaire Mitchell Rales. Over the last couple of years, Snyder's name was under investigation multiple times and it was bringing negative attention to the Commanders. In late 2022, the NFL started exploring ways to oust Snyder as owner of the Commanders.

50 days before the start of the 2023 season, the succeeded in their goal.

Johnson on the Harris group purchasing the Commanders

Johnson, an NBA and Los Angeles Lakers legend, couldn't hide his enormous happiness after becoming a part of an NFL team ownership group.

"God is so good…I still can’t believe it! I am currently living in an answered prayer. Since beginning my journey as an athlete and now businessman and team owner, it's all been a dream that has come full circle.

I grew up playing football as a kid, I’m a huge NFL fan, and I watch games every week. Now, I get to co-own a storied franchise, the Washington Commanders. I’m especially thankful to Josh Harris who allowed me to be one of his partners with the Commanders.

He is an amazing man, great friend, incredible businessman, proven owner and winner with the Philadelphia 76ers. Josh and his team have been first class throughout this entire process. Our ownership team is committed to the D.C., Maryland, and Virginia community and fanbase to bring a winning team and best in class organization.

This is truly the biggest achievement in my business career and a historic moment for the entire Black community. Talk about God’s perfect timing. This was the right organization for me to be a part of given it’s global appeal, history of winning, and the diverse fanbase and DMV community," Johnson tweeted.