Not long after a pair of dates were provided to NFL owners as possible days on which a special league meeting could take place to ratify the sale of the Commanders, one has been agreed upon. The final step in the sales process now appears to be in place.
A league meeting has been scheduled for July 20, as detailed by Mark Maske and Nicki Jhabvala of the Washington Post. That represents the earlier of the two possible dates floated last week (August 8 being the other), and could allow the sale to be approved in time for the opening of training camps around the league. The Commanders’ camp opens on July 26.
It is expected the league’s finance committee will provide a unanimous recommendation to approve the sale, the Post report adds. The committee met at length with prospective owner Josh Harris and investment group member Mitchell Rales earlier this month to discuss the outstanding issues with the proposed purchase agreement. The number of investors and an ability to remain under the league’s debt ceiling have been causes for concern during the vetting process, but the scheduling of the ratification vote suggests they will have been smoothed out by next month.
Harris and current owner Dan Snyder reached an exclusive agreement on a sale in May. The $6.05 billion price tag will comfortably surpass that of Rob Walton‘s Broncos purchase last summer and thus set a new North American sports record for franchise sales. It will also represent an end to Snyder’s much-maligned tenure at the helm of the Commanders, one which has been marked by a number of investigations into toxic work environments and financial improprieties.
A probe led by NFL investigator Mary Jo White into Snyder and the Commanders remains ongoing, but it could conclude in time for the ratification vote. The findings of that investigation are set to be made public, and the Post notes that they could result in commissioner Roger Goodell imposing a fine on the team. Issues of indemnity regarding Snyder and the other owners have been a sticking point over several months, but the eagerness to remove the former from the league has long been a driving force during the sales process.
At least 24 votes will be required to approve the sale to Harris’ ownership group, something which has not been in doubt since he and Snyder first entered into a purchase agreement. With the finance committee set to compete its vetting process and present a ‘yes’ recommendation to the full slate of owners in the coming weeks, the finish line in this process is firmly in sight.
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