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Dates emerge for ratification vote on Commanders sale

Jun
14
6/14/2023 12:18:42 PM
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The next round of NFL owners’ meetings are not on tap until October, but the league is making preparations for a special session regarding the Commanders sale, Sam Robinson of Pro Football Rumors reports

Owners have been informed to be available on July 20 or August 8 for a meeting that would include a ratification vote, according to the SportsBusiness Journal’s Ben Fischer. Vetting of Josh Harris‘ Commanders purchase is ongoing, but dates emerging certainly points to confidence the sale will be ratified by one of these two dates. Roger Goodell said recently he expects the sale to be ratified, providing a rather clear indication the item will meet the required 24 votes to pass.

Harris, who agreed to terms with Dan Snyder to buy the Commanders for a record-shattering $6.05 billion, has said he is willing to work with the league on a more amenable deal structure. Issues concerning the amount of debt held by the potential new owner, as well as some tax and incentive matters, have arisen. But the NFL owners have long been eager to finalize Snyder’s exit, opening the door for the large Harris-headed ownership group.

Harris and group member Mitchell Rales met with the NFL’s eight-man finance committee last week, and the meeting is believed to have gone well. Signs continue to point to the Philadelphia 76ers and New Jersey Devils owner adding an NFL team to his portfolio before the start of the season.

The NFL most recently held a special session last August — for the ratification of Rob Walton‘s summer 2022 Broncos purchase. That did not encounter any speedbumps, and owners approved the Walton group’s acquisition just less than two months after the $4.65 billion bid arrived. Harris’ more complex bid structure has brought a slower-moving vet. He reached a nonexclusive agreement with Snyder in mid-April, and the parties came to terms on the exclusive deal — one the NFL is still vetting — May 12. If the NFL calls the meeting for July 20, the time between the Harris purchase and ratification will not end up being much longer than Walton’s.

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