A bid to purchase the Washington Commanders from Dan Snyder has been officially submitted by a group that includes Magic Johnson, a source confirmed to The Athletic on Tuesday.
that federal prosecutors were investigating Snyder and the Commanders for bank fraud after his now-former partners alleged Snyder took out a $55 million line of credit without their approval.With pressure on Snyder increasing amid scandals and investigations, the possibility of a sale became clearer last fall. At the October league meeting,
On Nov. 2, the Snyders announced the hiring of Bank of America Securities to “consider potential transactions.”Soon after Washington fired two football staffers and its longtime radio voice for unspecified reasons in July 2020, details of harassment and other workplace misconduct emerged via a series of investigative reports from the Washington Post.
Harris, also 58, and raised in Bethesda, Md., like Snyder, and attended The Field School in the District. He co-founded Apollo Global Management and Harris Blitzer Sports & Entertainment. Harris and partner David Blitzer purchased the 76ers in 2011 for $280 million, the Devils for $320 million in 2013 and a minority stake in the English Premier League franchise Crystal Palace in 2015.
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