NFL owners approve sale of Commanders, former owner fined $60 million

nfl-owners-approve-sale-of-commanders,-former-owner-fined-$60-million
NFL owners approve sale of Commanders, former owner fined $60 million

The Washington Commanders franchise has been sold to a group led by the co-owner of the Philadelphia 76ers and the New Jersey Devils, according to the National Football League (NFL). The sale was unanimously approved by NFL owners. The financial details of the deal, which was made after former owner Dan Snyder was fined $60 million for workplace misconduct, were not disclosed. However, reports suggest that the sale was made for a record-breaking price of $6.05 billion.

The group purchasing the Commanders is led by Josh Harris, who is a managing general partner at Harris Blitzer Sports & Entertainment. The group also includes Maryland businessman Mitchell Rales and former NBA player Magic Johnson. Harris is currently the managing partner of the 76ers, Devils, and a general partner at Premier League soccer club Crystal Palace. He is also the co-founder of asset management firm Apollo Global Management. In a statement, Harris expressed his commitment to delivering a championship team and creating a franchise that fans can be proud of.

Magic Johnson, who is now a co-owner of an NFL team, expressed his excitement and honor on Twitter. He described it as a historic moment for the entire Black community and highlighted the global appeal, winning history, and diverse fanbase of the Commanders.

Shortly after the sale was approved, the NFL released the findings of an independent investigation into sexual harassment allegations against Snyder. The investigation sustained the allegations made by a former team employee. Snyder denies the accusations, calling them lies. The investigation also revealed that the Commanders withheld approximately $11 million in revenue that should have been shared with other NFL teams.

Snyder’s ownership of the Washington franchise has been under scrutiny due to investigations into the team’s workplace culture and potential financial improprieties. In 2021, the Commanders were fined $10 million for demonstrating a lack of respect towards women in the workplace. Last November, Snyder announced his intention to explore a potential sale of the team. The U.S. House Committee on Oversight and Reform later released a report stating that Snyder permitted and participated in a toxic workplace culture, with the NFL helping to cover it up.

In conclusion, the Washington Commanders franchise has been sold to a group led by Josh Harris, Mitchell Rales, and Magic Johnson. The sale was approved by NFL owners and is reported to have been made for a record-breaking price. The sale comes after investigations into the team’s workplace culture and financial improprieties, with allegations of sexual harassment against former owner Dan Snyder.

About News Team

Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

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