Months after news first broke that Washington Commanders owner Dan Snyder had reached a tentative deal to sell his NFL team to 76ers owner Josh Harris, the deal closed Thursday. ESPN’s Adam Schefter reported that the NFL owners’ vote to approve the sale was unanimous and it came at a final price of $6.05 billion, making it the highest amount ever paid for a North American professional sports team. After 24 years, 27 starting quarterbacks and two playoff wins, the Dan Snyder era is over.
Harris and Snyder agreed to a price in May, but the sale was delayed a few months because the NFL’s finance committee needed Harris to tweak some of the details of his offer to meet league guidelines. Immediately after the announcement of the sale, the The NFL also announced the results of a 17-month investigation into allegations of workplace misconduct and financial mischief. Independent investigator Mary Jo White found evidence of both sexual harassment and underreporting of income by Snyder, supporting the allegations against her. You can read the report here.
Upon his departure, Snyder will pay a $60 million fine, just under 1 percent of the sale price. He’ll leave professional football with a huge return on their investment, but Commanders fans will now have the chance to learn what it’s like to cheer on a regular NFL team, or at least an NFL team not owned by Dan Snyder.