Sports

Commanders Deal Focused NFL on Private Equity, Josh Harris Says

Josh Harris, lead owner of the Washington Commanders, says that valuations for sports franchises are being driven by the increasing value of media rights and teams “becoming entertainment businesses.” He speaks to Jason Kelly at the Bloomberg Invest Summit in New York.Source: Bloomberg

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By Ira Boudway

June 26, 2024 at 3:48 PM UTC

This article is for subscribers only.

Washington Commanders owner Josh Harris said his record-breaking $6 billion deal for the NFL team has helped push the league toward allowing institutional investors into its ownership ranks.

Harris, the co-founder of Apollo Global Management, led a group of more than 15 investors who bought the Commanders last year.