Washington Commanders owners Dan and Tanya Snyder have reached a preliminary nonexclusive agreement to sell the storied NFL franchise to a group led by Josh Harris, who also co-owns teams in the NBA and NHL, for a record $6.05 billion, sources told ESPN's Adam Schefter on Thursday.
The nonexclusive deal is fully financed but not signed, meaning another group could still come in and buy the team. Any deal also has to be submitted and approved by league owners.
A group led by Canadian billionaire Steve Apostolopoulos is still involved in the sales process, a source told ESPN. The $6.05 billion would top the previous record sale for a franchise, which was set in August when a group led by Walmart heir Rob Walton bought the Denver Broncos for $4.65 billion.
A group led by Daniel Snyder purchased the Washington franchise in May 1999 for $800 million. A deal for the Commanders likely won't be approved until the league meetings, scheduled for May 22-24 in Minneapolis.