Who’s Washington Commanders New Owner Josh Harris?
A fresh face has entered the NFL’s ownership circle with Josh Harris’ groundbreaking $6.05 billion agreement gaining unanimous endorsement from league proprietors in the previous month.
Numerous enthusiasts likely find solace in the change from Dan Snyder’s ownership. Over the course of his 24-year tenure, Snyder’s team never advanced to the NFC Championship Game, but more critically, off-field controversies cast a pervasive cloud over the franchise.
So, who is this newcomer at the helm?
Aged 58, Harris boasts an estimated wealth of $7.69 billion, as reported by Bloomberg.
According to Bloomberg, Harris’s investment portfolio encompasses sports and entertainment ventures, most notably his ownership stakes in the Philadelphia 76ers NBA team and the New Jersey Devils NHL team. These holdings are managed through his entity, Harris Blitzer Sports & Entertainment. As the managing partner, he commands a majority ownership stake of 51% in these teams. The valuation is derived from transactional information for similar franchises and insights from Sportico, a reputable valuations service.”
Hailing from Chevy Chase, Maryland, Harris’s origins might shed light on his inclination to consider adding the Commanders to his array of investments. As a member of the illustrious group of the world’s 300 wealthiest individuals, Harris undoubtedly possesses the means to acquire the franchise. Moreover, his adeptness in overseeing enterprises across various domains could potentially enrich the sports milieu in the nation’s capital.
Presently, his aspirations are anchored in guiding the Commanders toward their first Super Bowl triumph in more than three decades.