NFL owners plan to meet July 20 and potentially vote to approve the Commanders sale, AP source says

today06/26/2023 19

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NFL owners are set to meet July 20 to consider and potentially vote to approve the sale of the Washington Commanders, a person with knowledge of the situation said Friday.

The person said teams were notified Thursday of a special league meeting that will take place in Minneapolis. The person spoke to The Associated Press on the condition of anonymity because the league meeting was not announced.
Three-quarters — 24 of the league’s 32 owners — approval is needed to finalize the deal between Dan Snyder and his family and a group led by Philadelphia 76ers and New Jersey Devils owner Josh Harris. Basketball Hall of Famer Magic Johnson is also among those involved in the incoming ownership group.

The deal is for a North American professional sports record $6.05 billion, surpassing the $4.55 billion Walmart heir Robert Walton paid for the Denver Broncos last year.

Snyder and Harris’ group had a deal in principle for the Commanders in April, then came to a firm agreement in May. One of the next steps was approval of the NFL’s finance committee before going to the full ownership group for consideration.

If approved next month, it would pave the way for new ownership to take control before the start of the regular season in September.

Source: AP – All contents copyright 2023 Associated Press.  All rights reserved.

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