Daily News | Revenue increase anticipated by prospectus on Washington Commanders sale to Sixers part-owner Josh Harris
Washington Commanders fans were elated as news emerged that Daniel Snyder planned to sell the franchise to 76ers co-owner Josh Harris for $6.05 billion.
Now it appears that Harris and his ownership group are betting that the removal of Snyder will improve their profit margins.prepared by Harris Blitzer Sports & Entertainment and its advisers that states Harris expects improvement in attendance, ticket sales and ad revenue after Snyder’s removal. The prospectus, which tops out at 43 pages, was used to recruit other buyers to join Harris’ ownership group, which swelled to at least a dozen others, including NBA legend Magic Johnson. Harris, whose net worth is $7.6 billion, also owns the Sixers, New Jersey Devils and Crystal Palace Football Club alongside business partner, David Blitzer.
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