NFL’s Troubled Washington Commanders Bought For $6B By Investor Group Including Magic Johnson, Setting Sports Franchise Record

Australia News News

NFL’s Troubled Washington Commanders Bought For $6B By Investor Group Including Magic Johnson, Setting Sports Franchise Record
Australia Latest News,Australia Headlines
  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

The Washington Commanders, an NFL team with a heritage of success but a more recent history of unchecked scandal and mismanagement, has been sold to an investor group for $6 billion

, who is already a part-owner of baseball’s LA Dodgers, is part of the investment group buying the Commanders. Led by Philadelphia 76ers co-owner Josh Harris, the new group also includes billionaire Mitchell Rales. Months ago, Amazon founder Jeff Bezos had explored a potential bid, but was rebuffed by Snyder given the tech mogul’s ownership of the, which has published a number of damning investigations into misdeeds by Snyder and the front office.

The catalog of offenses, which were probed by the NFL but never resulted in any formal discipline, included sexual harassment, racial discrimination and the creation of a work environment known as one of the most noxious in professional sports or corporate America. Congress and other government bodies have been looking into Snyder’s leadership of the team as well as its finances.

Snyder bought the team, then known as the Redskins, for $800 million in 1999. As other front-office dramas were playing out, Snyder was also mounting fierce resistance to changing the team’s name despite mounting criticism of it as racist. After the former owner finally bent to pressure from corporate sponsors and agreeing to a shift, the team played for a period of time as simply The Washington Football Team until it conducted a fan poll to arrive at Commanders.

On the field, Snyder’s troops have also performed poorly. Amid a marked decline from three Super Bowl wins during the 1980s and ’90s, the team has now gone 18 years since its last playoff win, amassing a record under Snyder of 164-220-2.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DEADLINE /  🏆 109. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sixers owner Josh Harris to buy the NFL’s Washington CommandersSixers owner Josh Harris to buy the NFL’s Washington CommandersHarris, part of an ownership group that includes NBA legend Magic Johnson, is said to have an 'agreement in principle' to buy the team for $6 billion.
Read more »

Washington Commanders NFL team sold for $6 billion to NBA ownerWashington Commanders NFL team sold for $6 billion to NBA ownerCommanders owner Dan Synder approved the deal, but it isn't official until other NFL owners vote on the transaction.
Read more »

Dan Snyder agrees to sell NFL’s Washington Commanders for $6 billion: reportDan Snyder agrees to sell NFL’s Washington Commanders for $6 billion: reportDan Snyder has agreed to sell the National Football League’s Washington Commanders team, ending a 24-year reign, according to media reports Wednesday....
Read more »

Ugly accusations are piling up for Cardinals owner Michael BidwillUgly accusations are piling up for Cardinals owner Michael BidwillAre we absolutely sure the Washington Commanders' Dan Snyder is the worst current NFL team owner?
Read more »

Jeff Bezos Not Bidding On Washington Commanders After Months Of InterestJeff Bezos Not Bidding On Washington Commanders After Months Of InterestJeff Bezos is reportedly no longer interested in buying the Commanders -- months after he had a secret meeting with Jay-Z where the billionaires discussed partnering together in an attempt to buy the team.
Read more »

Jeff Bezos will not be bidding on Washington CommandersJeff Bezos will not be bidding on Washington CommandersJeff Bezos will apparently not be bidding billions of dollars to buy the Washington Commanders.
Read more »



Render Time: 2025-02-28 19:29:53