Look away, Washington fans.
Earlier this year, Dan and Tanya Snyder signed an agreement with the Josh Harris group to sell the Washington Commanders franchise for $6.05 billion. Harris reportedly had 20 limited partners including local billionaire Mitchell Rales and fellow sports franchise owner Earvin “Magic” Johnson.
It was a joyous moment for Commanders fans who have been hoping Snyder sold the team for some time now. But that joy has been put on hold over a dispute between the NFL and Snyder.
According to Mark Maske and Nicki Jhabvala of the Washington Post, there is a “significant’ issue in the legal negotiations between the National Football League and Daniel Snyder related “to the indemnification in Jon Gruden lawsuit” and it has threatened the completion of the pending sale.
The Post added that the problems could impact the NFL’s plans to have the other 31 team owners approve the sale at league meetings in Minneapolis next week.
If approved, Josh Harris will buy the Commanders from Dan Snyder for $6.05 billion, which would be the most expensive sale most expensive in North American sports.
