Current Ownership Group and Principal Owner
The Washington Redskins are currently owned by a limited liability company controlled by Josh Harris, who led the investment group that completed the purchase of the franchise. The principal entity is Harris Blitzer Sports & Entertainment, a holding company that manages sports and entertainment assets, including the NFL team and the NBA's Philadelphia 76ers. The transaction was formally approved by the NFL owners in 2023 after meeting league financial and governance requirements, as detailed on the official NFL ownership structures page NFL Ownership.
The purchase price for the Washington Redskins was reported at approximately $6.05 billion, making it one of the most expensive sports franchise transactions in history. The deal involved a group of private investors, with Harris serving as the managing partner and controlling figure in the ownership LLC. The new ownership group replaced the previous family-controlled structure and introduced a more institutional, private equity-backed management model for the franchise.
Ownership Entity and Corporate Structure
Harris Blitzer Sports & Entertainment
The operating entity for the team is managed through Harris Blitzer Sports & Entertainment, which functions as the central holding company for the Washington franchise and other sports investments. The corporate structure is designed to separate the NFL team's operations from other assets, with distinct legal and financial reporting lines for the football club. The entity files required disclosures with the NFL and complies with league rules on franchise transfers and financial integrity.
The ownership group includes a roster of private investors, with Josh Harris as the lead partner and controlling owner. The group's investment approach combines private equity principles with sports management, focusing on long-term franchise valuation and operational efficiency. The structure allows for capital raises and strategic partnerships while maintaining the NFL's strict ownership and candor requirements for league participants.
NFL Approval, Governance, and Transaction Details
League Approval Process
The sale required a formal vote by NFL owners, with the league reviewing the financial capacity and background of the new ownership group. The NFL conducted due diligence on the transaction structure, investor identities, and funding sources before granting approval. The process ensures that franchise sales meet league standards for financial stability and compliance with NFL ownership policies.
Post-approval, the new ownership group began integrating the franchise into its broader sports portfolio, with updates to the team's management, branding, and operational strategy. The transaction is tracked by financial and sports business outlets for its impact on NFL franchise valuations and ownership trends. The deal is cited as a benchmark for future sports franchise sales, with details covered by Forbes and sports business analysts Forbes NFL Sales.