In the last two years, the Commanders have been completely revamped. While new head coach Dan Quinn and rookie quarterback Jayden Daniels are leading the way on the field, Washington's new ownership group is busy establishing a new culture.
Dan Snyder, one of the most notorious owners in all of sports, sold the Commanders in 2023 for a sports franchise record of $6.03 billion. Snyder had been fined $60 million earlier that year after an investigation found him guilty of sexual harassment.
On the field, Snyder had become known for losing seasons and a penchant for poor micromanaging. Washington only made it as far as the divisional round twice in his 24 years as owner of the team.
In 2023, NFL owners unanimously approved the sale of the Commanders to an ownership group led by private equity investor Josh Harris, shoving Snyder out of the door. Who else was involved in the purchase of Washington's football team?
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Who owns the Commanders?
An ownership group led by Harris purchased the Commanders. Harris is a co-founder of the private equity firm Apollo Global Management and managing partner of the Philadelphia 76ers and New Jersey Devils.
How did Josh Harris make his money?
Harris co-founded alternative investment firm Apollo Global Management in 1990.
The 60-year-old also has a stake in and is a managing partner of the 76ers, and the NBA franchise has more than quadrupled in value since he bought it with a consortium for $290 million in 2011. The UPenn alum also has stakes in the New Jersey Devils and in Crystal Palace Football Club.
Josh Harris's net worth
Harris has an estimated net worth of $11 billion, according to Forbes.
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Does Magic Johnson own the Commanders?
Most notable among the minority owners of the Commanders is Lakers legend Magic Johnson. He owns 4% of the Commanders, investing $242 million to purchase the stake.
The 65-year-old has also invested in the Los Angeles Dodgers, Los Angeles Sparks and LAFC.
How did Magic Johnson make his money?
Johnson earned around $40 million total in his NBA career, mainly in the 1980s, and brought in between $2 million and $4 million per year in endorsements.
After his playing career, he built his wealth through joint venture partnerships in movie theaters, Starbucks franchises, real estate and healthcare. The majority of his fortune comes from a 60% ownership stake in EquiTrust, a life insurance company. EquiTrust has grown from $16 billion in assets to $26 billion since Johnson took over in 2015.
Magic Johnson's net worth
Magic Johnson has an estimated net worth of $1.6 billion, according to Forbes.
Commanders minority owners
Below is a complete list of the Commanders' limited partners — including Eric Schmidt, former CEO and executive chair of Google, who is estimated to be worth $26.1 billion. Andy Snyder, also among the partners, is not related to the previous owner.
- Mitch Rales
- Magic Johnson
- David Blitzer
- Mark Ein
- Lee Ainslie
- Eric Holoman
- Michael Li
- March Lipschultz
- Morgan Family
- Doug Ostrover
- Santo Domingo Family
- Michael Sapir
- Eric Schmidt
- Andy Snyder
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