It’s the Magic Hour within the DMV — Washington Commanders proprietor Dan Snyder has reportedly agreed to promote his workforce to Lakers legend Magic Johnson and Sixers proprietor Josh Harris … and the ultimate price ticket is a whopping $6 billion!!
The two sides reached an settlement on Thursday … with Sportico reporting Harris and Johnson’s group, which additionally consists of billionaire Mitchell Rales, was capable of seal the deal.
Snyder — who purchased the workforce in 1999 for $750 million — employed Bank of America to discover a possible sale again in November … which garnered curiosity from Jeff Bezos and Jay-Z.
Snyder’s tenure as proprietor of the Commanders was tormented by a number of controversies, particularly over the previous couple of years. In 2020, 15 former staff claimed they have been sexually harassed and/or verbally abused within the office.
Things have been allegedly so dangerous, Congress stepped in, with a number of former Commanders staffers testifying on Capitol Hill.
Once the sale is closing, it is going to be the largest transaction in U.S. sports activities historical past — passing the Denver Broncos franchise, which offered to Walmart billionaire Rob Walton for $4.6 billion in 2022.
The sale provides to Magic’s rising assortment {of professional} sports activities groups during which he has an possession stake — together with the Los Angeles Dodgers, Los Angeles Sparks and LAFC.
Harris — who made his fortune in finance — additionally owns the Philadelphia 76ers and New Jersey Devils.
If the sale goes via, there can be loads of Commanders followers thrilled with the brand new period for the franchise.
We reached out to the NFL relating to the report … which declined to remark.