Shortly after buying the NHL's New Jersey Devils, Josh Harris explained why.
"What we've done is buy good companies," he told NJ.com in 2014, "good franchises that have a reason to exist but for whatever reason may have some financial difficulties or need some new leadership."
Harris is doing the same thing by reaching an agreement to purchase the Washington Commanders, once a marquee NFL franchise but one that fell on hard times during Dan Snyder's ownership.
The deal, with the sale price of $6.05 billion, must be finalized -- another bidder, possibly Canadian billionaire Steve Apostolopoulos, could conceivably make another offer -- then approved by the NFL.