Dan Snyder agrees to sell Washington’s leaders for $6 billion

Dan Snyder agrees to sell Washington's leaders for $6 billion

Harris, who grew up in Chevy Chase, Maryland, and attended the Field School in Northwest Washington, has put together a large investment group. A week before the initial bidding date in February, he toured the team’s training facility and stadium, as every qualified bidder is allowed to do, according to a person familiar with the Leaders sale process.

The bidding process has been complicated because interest rates have risen in the past year, which has made it more expensive to borrow money. Previously a high-profile team owner, Snyder has, however, stayed out of public view and away from the team.

According to NFL rules, each club must have a major owner who owns at least 30% of the team, which means Harris would need to raise at least $1.8 billion on his own. he have The estimated net worth is around $6 billionAccording to Forbes magazine.

In March, Harris hired Rales, co-founder of Maryland-based Danaher, to join his investment group, a person familiar with the deliberations said. Rales’ net worth is estimated at $5.6 billion, according to Forbes, and it adds strong local connections to the ownership group.

Harris also hired Magic Johnson, which will help appease other NFL owners, who said last March in a statement that they “would see it as a positive and meaningful factor” if potential ownership pools “included diverse individuals who would have a significant stake in the stock.” And share with the club.”

Harris beat Tilman J. Fertitta, owner of the NBA’s Houston Rockets, who The bid is said to be $5.6 billion for leaders. He thought Jeff Bezos, the founder of Amazon, would be interested in buying the club, but he is It doesn’t look like they made an attempt for the team.

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Jenny Frentas Contribute to the preparation of reports.

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