Thursday September 28, 2023

Josh Harris Officially Bids for Washington Commanders

  • Magic Johnson is a part of the Harris/Rales group who looks to purchase the NFL franchise.
  • ESPN reports the bid for the Commanders was at $6 billion.
Geoff Burke-USA TODAY Sports
Front Office Sports Today

Bucks Go All-In on Giannis Era

The Milwaukee Bucks altered the NBA by swinging a deal for Damian Lillard.
Listen Now
September 28, 2023 | Podcast
Copy Link
Link Copied
Link Copied

PHOENIX — A group led by Josh Harris has submitted a bid to purchase the Washington Commanders, sources told Front Office Sports. 

Harris, who owns the Philadelphia 76ers and New Jersey Devils, entered a bid between $5.5 billion and $6 billion, one source with knowledge of the process told FOS.

A couple of hours after the first report that Harris had bid on the Commanders, ESPN reported that Canadian real estate executive Steve Apostolopoulos had also bid $6 billion.

FOS was unable to confirm Apostolopoulos’s bid. One source said while Apostolopoulos may have bid, there are questions over whether he has the financial wherewithal to be considered a serious contender for the Commanders.

Harris visited the team’s facilities before last month’s Super Bowl. In the weeks since, Harris rounded out his group with fellow billionaire and D.C.-area native Mitchell Rales and NBA legend Magic Johnson

Harris had been a contender for the franchise since owner Dan Snyder and his wife, Tanya Snyder, announced in November that they had hired Bank of America to explore options that could lead to a full or partial sale. Snyder purchased the Commanders for $800 million in 1999. 

A spokesperson for Harris declined to comment. 

The other billionaires interested in the club include Amazon founder Jeff Bezos, Houston Rockets owner Tilman Fertitta, and Apostolopoulos. 

The news comes during what is expected to be the final day of the NFL’s annual owners’ meetings, where multiple owners told FOS that they were in the dark about the sale. 

Copy Link
Link Copied
Link Copied

What to Read

PGA Tour Receiving New Investor Interest Amid Saudi Deal

U.S. investors are reportedly wanting to get involved with the Tour.

Prime Effect: Colorado Athletics Sponsorship Revenue Up 42% This Season

The Coach Prime impact is hitting all areas of the athletic department.

BioSteel Bankruptcy Shows Perils of Costly Sports Partnerships

BioSteel spent heavily on partnerships deals before bankruptcy.
Taylor Swift at Chiefs vs. Bears game.

Taylor Swift NFL Hype Likely To Continue Another Week

Swift could drive blockbuster TV ratings for NBC's "Sunday Night Football."
podcast thumbnail mobile
Front Office Sports Today

Bucks Go All-In on Giannis Era


Featured Today

Lillard And Giannis Pairing Could Be Big For The NBA, Too

Bucks to be featured on national TV 19 times this season
September 27, 2023

Magic Johnson Open To Knicks Minority Ownership Stake

Basketball Hall of Famer only interested in specific NBA franchise
Golden State Warriors majority owner Joe Lacob walks alone the baseline during the third quarter against the Los Angeles Clippers at Chase Center.
September 27, 2023

Warriors Owner Reportedly Adding A Bay Area WNBA Franchise

An official announcement could come as soon as early October.
NFL concussions
September 27, 2023

The NFL’s $1B Battle Over Concussion Settlement Heats Up

The NFL is seeking at least $1.2 billion from its risk carriers.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

Panini Picks Up Legal Win, Will Still Make WWE Trading Cards

New York judge denies WWE's bid for restraining order
September 25, 2023

Hollywood Writers' Deal Would Boost Sports Networks and Agencies

Several major sports media entities, talent agencies exposed to strike's effects
September 21, 2023

TKO Makes First Big Move After WWE-UFC Merger

Investors drop TKO shares by 15% following SmackDown rights deal
Deion Sanders
September 19, 2023

Deion Sanders' Sunglass Tiff Nets Eyewear Company Nearly $4.5 Million

Sanders has Midas touch for sunglasses sponsor Blenders.
September 15, 2023

Goldman Sachs Opens Door For Clients To Invest In Sports Teams

Firm initiative opens new opportunities for wealthiest clients
An Everton player displays shirt sponsor, a gambling company, during a match.
September 15, 2023

Everton Acquisition By 777 Partners Extends U.S. Presence in Premier League

American entities now control half of Premier League clubs
September 12, 2023

TKO $21B Merger Closes With Aggressive Ambitions

Newly created company looks to accelerate existing growth trajectory
September 7, 2023

Pinault Completes Landmark $7B Acquisition Of CAA

Major talent agency now in control of French billionaire