Latest On Commanders Sale

The next major step toward a formal sale of the Commanders took place recently, with Dan Snyder and Josh Harris announcing that a sale agreement is in place. The deal may not become official in time for the next owners’ meetings, however.

A report from the Washington Post’s Mark Maske and Nicki Jhavbala notes that the agreement in place “probably would not be approved without some revisions” under normal circumstances. Momentum for Harris taking over the embattled franchise, they add, stems primarily from the “strong desire” to see Snyder displaced as owner, rather than the offer being clear of issues.

The latter point has been mentioned as a potential hurdle to a quick approval of the deal. Finances are at the heart of concerns the NFL’s finance committee may have, though clarity has recently emerged regarding the various investors involved in the Harris bid. NBA icon Magic Johnson and billionaire Mitchell Rales are among those contributing to the record-breaking $6.05 billion sales price, though several other individuals are on board as well.

The next league meeting will take place May 22-23, which will be after the recommendation from the finance committee regarding approval of the sale is made. As the Post report notes, it is now “increasingly unlikely” that ratification will take place at that time. Instead, the league’s owners (at least 24 of whom will need to vote in favor of the deal to make it official) might only be updated on the status of the Harris bid, with a formal vote taking place “in the coming months.”

That would follow a similar timeline to last year’s Broncos sale, in which Harris was the runner-up. The vetting process on the Philadelphia 76ers and New Jersey Devils owner already took place then, which should help the Commanders sale move along at a steady pace in the coming weeks. Barring any further complications regarding Snyder and the ongoing investigations into sexual misconduct and financial improprieties, this saga could still reach an end during the 2023 offseason.

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