The Washington franchise passes from the controversial Snyder to Josh Harris, former co-owner of the 76ers (Nba) and Devils (Nhl). Magic Johnson is also among the minority shareholders
After changing its name, now the Washington NFL franchise is also changing ownership. And it does so for a record amount: 6.05 billion dollars, which at current exchange rates make 5.555 billion euros, making the Commanders (the former Redskins) the highest paid team in the history of world sport. The previous record was held by the Denver Broncos, another pro-US football team, which changed hands last summer for 4.27 billion euros. To give an idea of the gap, Todd Boehly bought Chelsea a year ago for 2.93 billion euros. The primacy could collapse if the Glazer family manages to sell Manchester United, for which they are asking for 6.3 billion, even if the best offer received so far has been 4.74 billion.
The Commanders were sold by Dan Snyder, a controversial owner to say the least, involved in scandals and investigations by the league and even by the US Congress, who, together with his wife Tanya, had acquired them in 1999 for 750 million dollars, at the exchange at the time, 387 million euros (in 1999, however, there was still the lira). Let’s also take into account the devaluation and the money spent in 24 years of management (disastrous…), but the profit margin remains sensational. Who are the buyers? The new majority shareholder is Josh Harris, founder of Apollo Management, an asset management group, with a portfolio estimated by Forbes at 5.3 billion euros, and former co-owner of the Philadelphia 76ers and the New Jersey Devils of the Nhl. Alongside him Mitchell Rales, David Blitzer, co-owner of the Crystal Palace, and Magic Johnson, former star of the Los Angeles Lakers, as well as a dozen minor investors.
May 13, 2023 (change May 13, 2023 | 09:40)
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