What’s next for sale of NFL’s Washington Commanders? -
It’s the biggest step yet in the process of Snyder selling the once-storied NFL franchise he has owned since 1999. But it’s far from the last one before the group assumes control.Currently, there’s a fully financed, nonexclusive agreement in place, but it has not yet been signed by the buying and selling parties. They’ll work out the fine print with lawyers and execute a binding agreement to complete the sale process at the team level.
Last year, Harris led a group that tried to buy the Denver Broncos before they were sold to Walmart heir Rob Walton for a then-record $4.65 billion. Beyond being more expensive than the Broncos, it’s higher than the $4 billion Mat Ishbia paid for the NBA’s Phoenix Suns and WNBA’s Mercury. Steve Cohen bought the New York Mets for an MLB-record $2.42 billion in 2020. When Fenway Sports Group purchased the NHL’s Pittsburgh Penguins in 2021, a dollar figure was not released, though Forbes valued the team at $845 million.
Ron Rivera is expected to remain as coach and head of player personnel, along with general manager Martin Mayhew and the rest of the front office. If the Commanders get off to a rough start or miss the playoffs, changes could happen once the new owners get a feel for the organization.
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