Thursday, June 11, 2026

Josh Harris’ Commanders Purchase Is Official

  • Harris’ $6.05 billion purchase officially closed Friday, a day after NFL owners approved the deal.
  • Harris was joined by Magic Johnson and other co-owners at a fan event at FedEx Field.
Josh Harris
Washington Commanders

Not long before Josh Harris took the stage for his introductory news conference at FedEx Field on Friday, his purchase of the Washington Commanders officially closed.

Harris’ $6.05 billion acquisition was unanimously approved by NFL owners on Thursday, a vote that sent the D.C. area into celebration after 24 years under Dan Snyder, an era that saw one of the league’s marquee franchises slide into mediocrity and tumult.

“This is not going to be easy,” Harris said. “My job is to deliver an organization that can win. It’s on me and it’s on us up here. Our work begins today.”

Harris put together what could be the most complex bid in NFL history to purchase his childhood team at a world-record price for a sports team.

“I invest to win, and we want to change everything that has happened to this franchise,” said Magic Johnson, who joined some of his fellow co-owners on stage.

Earlier in the day, Johnson told NBC that “everything’s on the table” when asked about changing the team name, one of the many divisive decisions Snyder foisted on fans. Harris said a name change isn’t among the top priorities “right now.”

Harris also didn’t give any hints on his plans for a new stadium, something on which Snyder was unable to make headway as he and his now-former team became the target of multiple investigations.

One of those ongoing probes closed Thursday, when the NFL announced that it’s slapping a $60 million fine on Snyder as the latest league investigation corroborated allegations of sexual harassment and holding back revenue.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jun 10, 2026; New York, New York, USA; New York Knicks guard Jalen Brunson (11) controls the ball against San Antonio Spurs guard De'aaron Fox (4) during the fourth quarter of game four of the 2026 NBA Finals at Madison Square Garden

Leagues and Networks Are Going All In on America250

Celebrations include jersey patches, special uniforms, and dedicated programming.

NFLPA Calls Out Owners As Stadiums Swap Turf for World Cup Grass

Eleven NFL venues will host matches during the World Cup.
Dec 14, 2025; Kansas City, Missouri, USA; Kansas City Chiefs quarterback Patrick Mahomes (15) scrambles against Los Angeles Chargers linebacker Khalil Mack (52) during the second half at GEHA Field at Arrowhead Stadium.

New Chiefs Stadium Will Star Mahomes Under Reworked Contract

The star quarterback is set to play at least three years in the new venue.
FILE PHOTO: U.S. House Judiciary Committee Ranking Member Jamie Raskin (D-MD) speaks at a House Judiciary Committee hearing on "Oversight of the Department of Homeland Security" on the day U.S. Homeland Security Secretary Kristi Noem testifies, on Capitol Hill in Washington, D.C., U.S., March 4, 2026.

Lawmakers Pressure NFL Over Cost of Games at House Hearing

Lawmakers again examine the league’s impacts upon consumers.

Featured Today

Ai sports slop

How Sports Became Ground Zero for AI Slop

The category is the perfect breeding ground for AI content churn.
FILE PHOTO: Soccer Football - FIFA World Cup - UEFA Qualifiers - Group A - Germany v Luxembourg - Rhein-Neckar-Arena, Sinsheim, Germany - October 10, 2025 Germany coach Julian Nagelsmann
June 4, 2026

‘Weird Corners of the World’: How to Find a World Cup Coach

National associations look for a winning record—and also hope for serendipity.
June 3, 2026

The Elite High Schools Hosting World Cup Teams

Spain, Morocco, Croatia, and Switzerland chose schools as their tournament base camps.
Frances Cabral-Delaney
May 29, 2026

How Arsenal Fandom Went ‘Manic’

“People do not become Arsenal fans because it’s easy,” says Zohran Mamdani.

Tottenham Boardroom Rivalry Ends With Former Chairman’s Exit

Spurs say they “don’t know anything about” the deal.
Casey Wasserman, Chairperson and President of LA28, during the media conference celebrating the 1000-day countdown to LA28 at Devon Park in Oklahoma City, Monday, Oct. 20, 2025.
May 8, 2026

Wasserman Buyers Narrow as PE Conflicts Sideline Major Firms

Private-equity firm TA Associates has removed itself from the running.
Charlie Pliner and Nikolas Rohrmann
May 22, 2026

How 2 Brown Undergrads Became Sports Dealmakers

An experimental project turned into a permanent course and business deal network.
Sponsored

Landon Donovan: What Soccer in America Still Needs

Landon Donovan discusses the evolution of soccer in America and investing in the NWSL.
April 23, 2026

Want to Own a 100-Year-Old Austrian Soccer Team for $500?

Vestible’s first team is Kapfenberger SV 1919.
April 16, 2026

How Taylor Swift’s Catalog Led Her Former Label Boss Into Sports

Scott Borchetta profited greatly from the sale of Swift’s masters.
John and Louis Antonelli
exclusive
April 13, 2026

Chernin Group Leads Funding Round in Social Box Score App ‘Real’

The app combines live stats and play-by-play with a social media experience.
Jack Nicklaus speaks to media prior to the start of the Memorial Tournament at Muirfield Village Golf Club in Dublin, Ohio on May 27, 2025.
March 27, 2026

Jack Nicklaus Re-Acquires Nicklaus Companies After Lawsuit

Nicklaus takes back ownership of marks like the iconic Golden Bear.