Back to the Ball State Cardinals Newsfeed

Source: Harris/Rales group submits $6B bid for Commanders

The Josh Harris/Mitchell Rales group, which now includes Magic Johnson, officially submitted a fully financed bid for the Washington Commanders that meets Dan Snyder's $6 billion asking price, a source told ESPN's Adam Schefter.

If accepted, the deal would break the previous record sale for a franchise, set last August, when a group led by Walmart heir Rob Walton bought the Denver Broncos for $4.65 billion.

Steve Apostolopoulos, a Canadian billionaire, and Tilman Fertitta, owner of the NBA's Houston Rockets, are among other groups interested in purchasing the Commanders. There is another anonymous group that has also toured the facilities, multiple sources involved in the process have told ESPN.