Washington Commanders owner agrees to sell team for $6 billion

The owner of the Washington Commanders has sold the NFL team for $6 billion to a group of wealthy individuals led by billionaire Josh Harris, CBS Sports reported.

Commanders owner Dan Synder and the Harris team agreed to the deal in principle, but it won't be official until three-quarters of NFL owners approve the transaction, CBS Sports said. The new owners will consist of Harris — who also owns the NBA's Philadelphia 76ers — fellow billionaire Mitchell Rales and NBA legend Earvin "Magic" Johnson. 

The deal, once approved, would set a league record for the priciest team sale. The league's current record is $4.6 billion, set last year when the Walton family sold the Denver Broncos. 

Khristopher J. Brooks

Khristopher J. Brooks is a reporter for CBS MoneyWatch covering business, consumer and financial stories that range from economic inequality and housing issues to bankruptcies and the business of sports.

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