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Agreement Reached For Washington Commanders Football Team

Baquo’s Abstract Blues

For Baquo, these blues are gestures toward cultural reclamation.

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A person with knowledge of the situation tells CNN that a group led by Wall Street billionaire Josh Harris and including NBA star Magic Johnson is close to making a deal to buy the NFL's Washington Commanders.

Baquo’s Abstract Blues

For Baquo, these blues are gestures toward cultural reclamation.

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If the sale goes through, it will be the end of the troubled billionaire Daniel Snyder's time as owner of the Washington team.

Baquo’s Abstract Blues

For Baquo, these blues are gestures toward cultural reclamation.

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The wealthy co-founder of the company Danaher, Mitchell Rales, is also in the group, a source said.

Baquo’s Abstract Blues

For Baquo, these blues are gestures toward cultural reclamation.

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Sportico was the first to say that a deal was almost done. They said the team sold for $6 billion, which was a record for a North American sports team.

Baquo’s Abstract Blues

For Baquo, these blues are gestures toward cultural reclamation.

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Forbes had earlier put the value of the Commanders at $5.6 billion. This made them the sixth most valuable football team, after the Dallas Cowboys, the New England Patriots, the Los Angeles Rams, the New York Giants, and the Chicago Bears.

Baquo’s Abstract Blues

For Baquo, these blues are gestures toward cultural reclamation.

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The team's reported rise in value to $6 billion would be equal to a 9% yearly return on the price it was bought for.

Baquo’s Abstract Blues

For Baquo, these blues are gestures toward cultural reclamation.

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Harris is a co-founder of Apollo Global Management (APO). He already owns the NBA's Philadelphia 76ers and co-owns the NHL's New Jersey Devils.

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