Josh Harris serves as the managing partner for both the NHL’s New Jersey Devils and the NBA’s Philadelphia 76ers. His recent venture takes him into the NFL as he acquires ownership of the Washington Commanders.
Within the NFL community, a fresh owner has emerged in the form of Josh Harris. His remarkable deal, valued at an unprecedented $6.05 billion, gained unanimous approval from league owners last month.
This change in ownership brings a sense of optimism to many fans, offering a departure from the era of Dan Snyder. Over the course of 24 years, Snyder’s leadership failed to propel his franchise to the NFC Championship Game. More concerning were the off-field incidents that cast a troubling shadow over the organization.
So, who steps into this role of authority?
Aged 58, Harris boasts a reported net worth of $7.69 billion according to Bloomberg. His ownership extends beyond the Washington Commanders, encompassing stakes in various sports and entertainment ventures. Harris Blitzer Sports & Entertainment, his firm, holds controlling interests in the Philadelphia 76ers NBA team and the New Jersey Devils NHL team. His influence is estimated at 51% due to his position as the managing partner in these teams. The valuation is based on comparative transaction data and assessments from Sportico, a respected valuations service.
Harris hails from Chevy Chase, Maryland, which could offer insight into his interest in adding the Commanders to his portfolio. As one of the global elite, counted among the 300 wealthiest individuals, Harris is suitably equipped to secure ownership of the franchise. His experience in steering other franchises to success is poised to bring a valuable new dimension to the sporting landscape of D.C.
With his extensive background, Harris aspires to guide the Commanders toward their first Super Bowl victory in over three decades.
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