Dan Snyder has an agreement in principle to sell the Washington Commanders to a group led by Josh Harris and Mitchell Rales that includes Magic Johnson for a North American professional sports team record $6.05 billion.
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It's the biggest step yet in the process of Snyder selling the once-storied NFL franchise he has owned since 1999. But it's far from the last one before the group assumes control.
WHAT HAPPENS NOW?
Currently, there's a fully financed, nonexclusive agreement in place, but it has not yet been signed by the buying and selling parties.