A group led by billionaire Josh Harris and NBA legend Magic Johnson has officially placed a bid to buy the NFL’s Washington Commanders from embattled owner Daniel Snyder, a source told CNN
on Tuesday. Harris, the co-founder of Apollo Global Management, is already the owner of the NBA’s Philadelphia 76ers and co-owner of the NHL’s New Jersey Devils. CNN confirmed last week that Johnson joined the Harris group.
which first reported news of the bid, reports that the Harris and Johnson-led group is offering to pay Snyder’s $6 billion asking price. CNN could not immediately confirm the $6 billion offer price. A spokesperson for Harris declined to comment. A representative for Johnson, the Los Angeles Lakers hall of famer, did not immediately respond to a request for comment. The Commanders declined to comment.
reported that Apostolopoulos has submitted a fully-funded $6 billion offer for the Commanders. Apostolopoulos did not immediately respond to a request for comment. The Washington franchise, formerly known as the Redskins, was valued at about $5.6 billion by Forbes as of last August. That made the Commanders the sixth-most valuable NFL franchise, behind only the Chicago Bears, New York Giants, Los Angeles Rams, New England Patriots and Dallas Cowboys.
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