The group led by NBA legend Magic Johnson have reportedly reached an agreement to purchase the Washington Commanders for $6billion - the most expensive fee for team in sports team history.
Dan Snyder, the controversial owner of the Commanders, has been exploring a sale for some time and he hopes to deliver a contract in the coming days, according to Sportico. While nothing is final nor has an agreement been submitted to the NFL, the deal between Snyder and the group led by businessman Josh Harris - the Philadelphia 76ers co-owner - is set to end one of the most controversial reigns in US sports history since Snyder acquired the franchise in 1999.
Groups led by Harris, Houston Rockets owner Tilman Fertitta and Canadian billionaire Steve Apostolopoulos were all interested in acquiring the Commanders with several parties reportedly submitting bids. Basketball Hall of Famer Johnson has stakes in the Los Angeles Dodgers, LA Sparks and Los Angeles Football Club and recently referred to owning an NFL franchise as the missing piece of his impressive portfolio.
