Washington Commanders sale to new owner Josh Harris.

The Washington Commanders will have a new ownership group as the team’s previous owner faces a $60 million fine from the league following an independent investigation finding workplace misconduct and financial improprieties.

On Thursday, all 32 NFL owners voted to approve the sale of the franchise to a group led by billionaire Josh Harris, the co-founder of Apollo Global Management. Harris is also the majority owner of the NBA’s Philadelphia 76ers and co-owns the NHL’s New Jersey Devils. The Commanders’ new ownership group includes Basketball Hall of Famer Magic Johnson and billionaire Mitch Rales, Harris’ longtime sports business partner.

The approved sale brings closure to the tumultuous Daniel Snyder-led era.

Snyder and his wife Tanya first purchased the team for a reported $750 million in 1999. On the field, the team struggled throughout the Snyder era — making the playoffs just six times in 24 seasons and no Super Bowl appearances.

The deal comes the same day that the league announced it has fined former Washington Commanders owner Dan Snyder $60 million following the release of an independent investigation, which found workplace misconduct and financial improprieties while Snyder owned the team. The investigation was led by former Securities and Exchange Commission (SEC) Chairwoman Mary Jo White.

In April 2022, the NFL hired White to investigate an allegation of sexual harassment against Snyder by former employee Tiffani Johnston, a former cheerleader and marketing manager for the team. Johnston told a congressional committee that the Commanders owner had put his hand on her leg under the table at a work dinner and tried to persuade her to get into his limousine.

The team looks forward to a new era under Josh Harris.