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The NFL will hold a meeting on July 20 where the league's owners are expected to take a vote on the pending sale of the Washington Commanders to a group led by billionaire Josh Harris.
The Washington Post was the first to report the upcoming meeting. In April, Harris reached an agreement with Commanders owners Dan and Tanya Snyder to purchase the franchise for $6.05 billon. The figure represents the largest price for a team in NFL history.
On May 12, the Harris group and the Snyders entered a purchase and sale agreement. Harris co-owns multiple professional sports teams, including the Philadelphia 76ers and the New Jersey Devils.
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The Washington Commanders football team's name and logo is seen at the team's facility in Ashburn, Va., on Nov. 10, 2022. (AP Photo/Manuel Balce Ceneta, File)
Per NFL policies, at least three-fourths (24) of the league's 32 owners must vote in favor of the sale in order for it to be approved.
In most instances, the owners follow the recommendation of the league's finance committee.
COMMANDERS' TRADEMARK APPLICATION DENIED DUE TO EXISTING REGISTRATIONS
For example, the committee in July 2022 recommended approval regarding the sale of the Denver Broncos to a group led by billionaire Rob Walton. The next month, owners voted in favor of the sale.
Earlier this month, the finance committee held a meeting with Harris in New York. Shortly after the meeting ended, Indianapolis Colts owner Jim Irsay told ESPN that he was "hopeful" about the Harris bid becoming a done deal in the near future. Irsay is a member of the finance committee.
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