The group led by Josh Harris has completed a signed agreement to purchase the Washington Commanders from Daniel Snyder.
After reviewing the deal Wednesday during a meeting at the NFL’s offices in New York, members of the eight-owner finance committee raised issues that could keep the sale from being put to a ratification vote at the May 22-23 owners’ meeting in Minneapolis, according to three people familiar with the league’s inner workings and the owners’ views.Advertisement
Tilman Fertitta, the owner of the NBA’s Houston Rockets, said in a televised interview with CNBC last month that he submitted a $5.6 billion bid for the Commanders but would not raise his offer. Amazon founder Jeff Bezos, who owns The Washington Post, used a New York investment firm, Allen & Company, to evaluate a potential bid on the Commanders, two people with knowledge of that relationship have said.
The execution of such an exclusivity arrangement is relatively common in significant business transactions and typically is offered by the buyer, industry analysts said. Such a step has not been as commonplace in NFL franchise sales, however.
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