The NFL has recently welcomed a new owner into its exclusive circle, marking a historic moment with Josh Harris’ remarkable acquisition of the team in a record-setting $6.05 billion deal, which garnered unanimous approval from league owners just last month.
For many fans, this transition brings a sigh of relief, as the ownership torch passes from Dan Snyder. In his lengthy 24-year tenure, Snyder’s franchise never managed to clinch a spot in the NFC Championship Game, but more troublingly, a series of off-the-field incidents had cast a long, dark shadow over the organization.
But who exactly is this new figure in charge?
Meet Josh Harris, a 58-year-old billionaire, whose net worth, according to Bloomberg, stands at a substantial $7.69 billion.
Harris’s portfolio extends beyond the football field; he also holds significant stakes in sports and entertainment ventures. Notably, he’s a key figure behind the Philadelphia 76ers in the NBA and the New Jersey Devils in the NHL, acting as the managing partner through his firm, Harris Blitzer Sports & Entertainment. His ownership interest in these teams is estimated at 51%, calculated based on transaction data for similar franchises and figures from Sportico, a reputable valuation service.
Born in Chevy Chase, Maryland, Harris’s connection to the Commanders might stem from his roots. As one of the 300 wealthiest individuals globally, Harris possesses the financial muscle to acquire such a franchise. His extensive experience in overseeing franchises in various domains positions him as a valuable asset to the Washington, D.C. sports landscape.
Now, with this new era of leadership, Harris aspires to steer the Commanders towards their first Super Bowl appearance in over three decades.