The process of Daniel Snyder selling the Washington Commanders is going to take some time, likely because the situation involves Daniel Snyder. If/when the team is sold to Josh Harris, the ownership breakdown has surfaced.
Via Mike Ozanian of Forbes.com (who reported in December that Snyder had multiple offers “well north” of $7 billion, so there’s that), Harris would own 30 percent, the minimum required by league rules.
The group of Harris and 17 limited partners also uses the maximum allowable debt under league rules, a whopping $1.1 billion.
Of the limited partners, billionaire Mitchell Rales will hold 12 percent. Magic Johnson would hold four percent.
At a sale price of $6 billion, Magic will be putting up $240 million. By way of comparison, Jerry Jones paid $150 million for all of the Cowboys in 1989.
Story courtesy of Mike Florio and ProFootballTalk.com.nbcsports.com