Dan Snyder Era Ends as Hedge Fund Billionaire Buys Washington Commanders for Record $6 Billion
- Dan Snyder agrees to sell the Washington Commanders to a group led by Josh Harris and Magic Johnson for nearly $6 billion, marking the end of a controversial 24-year tenure as owner.
- The sale sets a record price for a North American sports franchise and will need to be approved by NFL owners.
- Harris, co-founder of Apollo Global Management and owner of the NBA's Philadelphia 76ers, vows to turn around the franchise's fortunes on and off the field and pursue a new stadium.
- Under Snyder, the team suffered numerous scandals, cycled through 10 coaches, and had only six winning seasons and playoff appearances amid a declining fan base.
- The new owners will inherit several pressing issues, including winning back fans, investigating the team's toxic culture, and determining the futures of key personnel like coach Ron Rivera.
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