A group led by Josh Harris that includes Magic Johnson has agreed to buy the from longtime owner and his family.

The sides announced the deal in a joint statement Friday, roughly a month after they

The deal is the highest price paid for a North American professional sports franchise, surpassing the for the Denver Broncos last year. It is still of three-quarters of owners and other customary closing conditions.

B次元官网网址淲e are very pleased to have reached an agreement for the sale of the Commanders franchise with Josh Harris, an area native, and his impressive group of partners,B次元官网网址� Snyder and wife Tanya said in the statement. B次元官网网址淲e look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years.B次元官网网址�

Snyder has owned the team since 1999, when he bought his favorite boyhood team for $750 million, and despite mounting criticism repeatedly said heB次元官网网址檇 never sell. That changed after multiple investigations by the league and Congress into WashingtonB次元官网网址檚 workplace misconduct and potential improprieties. The congressional investigation found Snyder

HarrisB次元官网网址� group includes Washington-area billionaire Mitchell Rales, the basketball Hall of Famer Johnson and David Blitzer, among others. Harris and Blitzer have owned the NBAB次元官网网址檚 Philadelphia 76ers since 2011 and the NHLB次元官网网址檚 New Jersey Devils since 2013.

B次元官网网址淚 could not be more excited to be a partner in the proposed new ownership group for the Washington Commanders,B次元官网网址� B次元官网网址淛osh Harris has assembled an amazing group who share a commitment to not only doing great things on the field but to making a real impact in the (Washington-area) community. IB次元官网网址檓 so excited to get to work on executing our vision for the Commanders and our loyal fanbase.B次元官网网址�

Harris grew up in the Washington suburb of Chevy Chase, Maryland. He said he got to experience the excitement of the team winning three Super Bowls and establishing a long-term culture of success.

B次元官网网址淲e look forward to the formal approval of our ownership by the NFL in the months ahead and to having the honor to serve as responsible and accountable stewards of the Commanders franchise moving forward,B次元官网网址� Harris said. B次元官网网址淲e look forward to running a world-class organization and making significant investments on and off the field to achieve excellence and have a lasting and positive impact on the community.B次元官网网址�

B次元官网网址擲tephen Whyno, The Associated Press

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