Josh Harris group offers $6 million bid to purchase Washington Commanders

As reluctant as Daniel Snyder has been to consider selling the Washington Commanders football franchise, he may have just received an offer too strong to resist.

According to ESPN’s Adam Schefter, a bidding group led by Josh Harris and Mitchell Rales, plus Magic Johnson, has officially submitted an offer that meets Snyder’s $6 billion asking price to sell the team.

Snyder, who reportedly previously indicated he wouldn’t be willing to sell for anything less than a starting price of $6 billion, now has to decide whether to accept the current offer or continue to wait for something bigger. Previous reports suggested Snyder was actually targeting $7 billion, not six.

Even at $6 billion, the Commanders would already be setting a new North American sports record for the highest-priced sale of a professional sports team. The current record was set last year when the Walton group purchased the Denver Broncos for an earth-shattering $4.65 billion. Now, roughly a year later, the Commanders appear set to push well past the $4.5 billion mark.

Harris, who also owns the Philadelphia 76ers, and is the co-founder of Apollo Global Management along with Harris Blitzer Sports & Entertainment, is a Maryland native. He reportedly has a net worth of $5.8 billion, according to Forbes.

Meanwhile, Mitchell Rales is also a very wealthy D.C. area businessman who reportedly has a net worth of $5.5 billion. And we all know who Hall of Fame basketball player Magic Johnson is. Soon enough, in addition to their current titles, the group may be able to add ‘Washington Commanders team owner’ to their list.

Related: NFL insider suggests Washington Commanders could trade star defensive lineman

This article was originally published on and is republished here with permission.

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