Josh Harris, the private equity billionaire, is nearing an agreement to buy the US National Football League’s Washington Commanders in a deal that values the franchise at close to $6bn, according to people familiar with the matter.
A $6bn price tag would make the Commanders the most expensive sports team ever sold, trumping last year’s $4.6bn sale of the NFL’s Denver Broncos to Walmart heir Rob Walton. Professional clubs’ valuations have appreciated rapidly amid rising revenues for media rights and an influx of private capital into leagues and teams around the world.
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