Mike Ozanian of Forbes.com, who reported in December that Daniel Snyder had multiple offers for the team “well north” of $7 billion, now reports that Josh Harris needs to adjust the financing of the final deal to purchase the team, for $6.05 billion. The NFL’s current limit for debt tied to the purchase of a team is $1.1 billion. Per Ozanian, the Harris deal includes $1.1 billion in secured debt and $1 billion in unsecured debt. The bottom line is that if feels as if Harris has to really hustle to make the numbers work. If Harris doesn’t have the money to easily buy the team, will he have the money to properly run the team?

Source: Forbes May 26, 2023 18:09 UTC