Update, but no vote, on selling leaders this month, NFL says

Dan and Tanya Snyder reached a leaders buy and sell agreement with a group led by Philadelphia 76ers and New Jersey Devils co-owner Josh Harris on Friday. The Snyders, who first announced their intention to sell in November, agreed to sell the team for $6.05 billion.

While a vote this month was considered unlikely, Jeff Miller, the NFL’s executive vice president of communications, public affairs and politics, said there will be no vote when the owners meet in Minneapolis on Sunday and Monday.

“The league staff and the Finance Committee will continue to review the details of the deal,” Miller said during a conference call to review the meetings. “We will provide membership with an update in Minnesota.”

A signed document has been submitted to the NFL, and the league’s finance committee must review the documents and vet investors. The Harris Group has at least 12 limited partners who, according to a statement announcing the agreement last week, must all be vetted, as well as how long that might take.

While some owners and league sources have expressed concern about the structure of Harris’ offer, a source close to him said the NFL has not communicated any concerns to the group. The source said the net worth of the Harris Group is close to $100 billion.

The sale would be the largest in the history of the sport. On June 7 of last year, the Walton family reached an agreement to buy the Denver Broncos for $4.65 billion. The Finance Committee recommended approval on July 27, and the other owners voted on August 9.

“Any such transaction deserves due process, and we will do it as quickly as we can,” Miller said. “[We have] Lots of people are working on it, and doing that is a priority.”

Miller also said nothing has changed regarding Mary Jo White’s investigation into Dan Snyder. Miller reiterated that the NFL will release the results once it concludes its investigation, which began in February 2022 following a new accusation of sexual harassment against Snyder by former team employee Tiffany Johnston.

It’s also possible that White will look into other past allegations. The Chiefs were fined $10 million in July 2021 as a result of the league’s investigation into the workplace culture that developed during Snyder’s tenure. Congress subsequently investigated the team’s workplace culture as well.