The NFL is conducting an informal review of the terms of the tentative agreement by which Josh Harris’s investment group would purchase the Washington Commanders from Daniel Snyder for $6.05 billion.
The review is not part of the league’s formal ratification process, and the deal between Harris’s group and Snyder has not been finalized nor officially submitted to the NFL’s finance committee for vetting, according to that person, who spoke on the condition of anonymity because of the confidentiality of the sale process.
The league “might have some comments” about the proposed sale and could “have a conversation” with the parties if any of the prospective terms would not be acceptable to the NFL, that person said. Such feedback from the league could aid Harris’s group and Snyder in their efforts to complete the deal, according to that person.The deal, if finalized and signed, would be formally submitted to the league and considered by the owners on the finance committee.
The owners next are scheduled to meet May 22-24 in Minneapolis. The person with knowledge of the NFL’s workings said Monday it’s “not out of the question” that the owners could take a ratification vote on the deal at the May meeting. But it might be “surprising” for the process to move that quickly given all that still must be resolved, that person said.to Harris, three people with direct knowledge of the NFL’s inner workings and the owners’ views said last week.
Harris is the owner of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils. His group includes Potomac, Md., businessman and philanthropist Mitchell Rales and NBA great Earvin “Magic” Johnson as investors.
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