$35 Billion+ Worth Company Takes a $106,000,000 Hit Before Millionaires Magic Johnson and Josh Harris Confirm Washington Commanders Purchase

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Apollo Global Management, an investment firm worth $36.36 billion, has also taken a whopping $106 million hit, without even being part of the Commanders’ deal. [{ "selector": ".xliti-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".losjg-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-346px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".doezm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 230px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

Josh Harris left Apollo Global Management in hot waters

The lead owner of the team (Harris) must have a 30% stake in the team. Another NFL rule states that buyers are eligible to borrow a maximum of $1.1 billion for the purchase.

Harris-Johnson-led group has agreed to pay Snyder $5.8 billion

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The remainder of the $6.05 billion total deal will be paid over the next two years, according to reports from The Athletic. This makes the Washington Commanders the most expensive franchise sale in US Sports history.

The NFL team owners still have to approve the sale

Despite the signed agreement of the sale on Friday, Commanders fans cannot go entirely overboard just yet. This is where the NFL team owners and finance committee play a vital role in the approval of the team sale.

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$35 Billion+ Worth Company Takes a $106,000,000 Hit Before Millionaires Magic Johnson and Josh Harris Confirm Washington Commanders Purchase

The lead owner of the team (Harris) must have a 30% stake in the team. Another NFL rule states that buyers are eligible to borrow a maximum of $1.1 billion for the purchase.

Harris-Johnson-led group has agreed to pay Snyder $5.8 billion

The remainder of the $6.05 billion total deal will be paid over the next two years, according to reports from The Athletic. This makes the Washington Commanders the most expensive franchise sale in US Sports history.

Despite the signed agreement of the sale on Friday, Commanders fans cannot go entirely overboard just yet. This is where the NFL team owners and finance committee play a vital role in the approval of the team sale.

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