NFL approves $6.05B sale of Commanders, fines Dan Snyder $60M after releasing investigation report [View all]

After months of grinding on the details, the sale of the Washington Commanders is officially complete. And with it, lightning-rod team owner Dan Snyder is no longer a member of the league’s ownership class.

Snyder’s fellow NFL franchise owners voted unanimously to approve the $6.05 billion sale on Thursday, the league announced, transferring the team into the hands of a group led by private equity investor Josh Harris. The move came swiftly after the league’s finance committee gave club owners a green light earlier in the week, recommending a transaction that could ultimately pave the way for future “group collectives” purchasing NFL teams, rather than the tradition model of one owner holding the majority of equity in a franchise.

"Congratulations to Josh Harris and his impressive group of partners," NFL commissioner Roger Goodell said in a statement. "Josh will be a great addition to the NFL. He has a remarkable record in business, sports and in his communities. The diverse group that Josh has put together is outstanding for its business acumen and strong Washington ties and we welcome them to the NFL as well.

"I met Josh several years ago, prior to his acquisition of an interest in the Steelers and have been fortunate to get to know him better over the past few months. I know he has a commitment to winning on the field, but also to running an organization that everyone will be proud of — and to making positive contributions in the community."