Dan Snyder sells the Washington Commanders for $6.05 Billion | What are the Cleveland Browns worth?

Dan Snyder sells the Washington Commanders for $6.05 Billion | What are the Cleveland Browns worth?

Washington Commanders owner Dan Snyder and Josh Harris , who co-owns multiple professional sports teams, have reached an agreement on a sale of the franchise to Harris' group for an NFL-record price of $6.05 billion, NFL Network Insider Ian Rapoport reported on Thursday, per sources. Rapoport added that the sale is not final nor signed and no agreement has been sent to the league for approval, but a finalized sale is expected if all goes well. Any sale of an NFL franchise would need to be approved by the NFL's finance committee and at least three-fourths (24) of the league's 32 owners. Owners are scheduled to meet in Minneapolis in May for the Spring League Meeting. Harris , who co-owns the NBA's Philadelphia 76ers and NHL's New Jersey Devils and is currently a minority owner of the Pittsburgh Steelers, is the head of an investment group that includes Maryland businessman and philanthropist Mitchell Rales and NBA legend Magic Johnson. Snyder, who, along with his wife, Tanya, has owned the Washington franchise since 1999, retained Bank of America Securities in November 2022 to explore a potential sale of the team. The expected $6.05 billion sale price of the Commanders would be the highest in NFL history. Last year, the Denver Broncos were sold to the Walton-Penner group for a then-record $4.65 billion. Dan Snyder and the Commanders remain the subject of an internal league investigation led by former U.S. Attorney Mary Jo White concerning allegations of workplace misconduct and potential unlawful financial conduct. In addition, the franchise recently settled lawsuits with Maryland and the District of Columbia over fans' season-ticket deposit money. https://www.nfl.com/news/dan-snyder-n... Subscribe and ring the bell for the latest talk about the Cleveland Browns, Cleveland Guardians, Cleveland Cavaliers and Ohio State Buckeyes: https://bit.ly/ucss_subscribe Follow on Twitter:   / ultclesports   Watch live on YouTube 11 a.m.-1 p.m. weekdays on YouTube and WKYC+ on your Roku and Fire TV apps! The Ultimate Cleveland Sports Show is your daily source of the best conversation about the Cleveland Browns, Cleveland Guardians, Cleveland Cavaliers and Ohio State Buckeyes, as well as sports throughout Northeast Ohio. Hosted by Jay Crawford, Adam the Bull, G Bush, Jason Lloyd, Brad Sellers and Tyvis Powell.