Josh Harris = New Owner!?

[EdmundDorf]

Originally Posted by nonniey

Sucks that it looks like we'll be going into the season without the sale being completed. Was hoping last season would be Snyders last.

There will be another owners meeting before the start of the season so plenty of time yet, just hope the delay does not affect getting players contracts signed.

[That Guy]

they needed more time to review the financials. Harris isn't as liquid as they'd like, but they want Snyder out, so I imagine it'll go through by August.

[SolidSnake84]

Originally Posted by That Guy

they needed more time to review the financials. Harris isn't as liquid as they'd like, but they want Snyder out, so I imagine it'll go through by August.

The twitter news feed / speculation seems to have the "new" timeline as sometime between late summer and mid Fall. I have saw late September - early October floated around as well.

[sdskinsfan2001]

If this bleeds into the season, it's just middle finger to us from the NFL.

4 months should be plenty of time to review.

My guess is it's approved I'm early July.

[Dlyne8r]

So, while the ink may have dried on the contract between Harris and Douchebag, this still ain’t over yet. We’ve come from hope of a finalized regime change in March, April, May to now mid season 2023?! At times I wonder if this is some type of vindictive way for Snyder to twist the knife in everyone’s back just a little more. Just more of the same old shit with this group and so over it all. GET IT DONE for Christ’s sake ugh!

[That Guy]

I doubt it's malicious. Things just move slower than we'd like. Everyone's interests line up though (Snyder gets out of liability and gets money, Harris & co get the team, and the NFL gets to move past the PR issues).

[FrenchSkin]

Originally Posted by That Guy

they needed more time to review the financials. Harris isn't as liquid as they'd like, but they want Snyder out, so I imagine it'll go through by August.

Haven't see that posted anywhere, here's a breakdown of the NFL Financial Committee issues with Josh Harris group's financing .

Basically, 1B$ of unsecured debt, some said this "would be a leveraged buy out", is the main issue, and they don't love the fact there are more than 24 partners if you count investors inside the Limited Partners groups, nor the fact Snyder would be getting half of the incremental increase of Commanders gross revenue for 2 years.

Josh Harris being the only legit bid of that amount, one can hope the NFL doesn't blow its opportunity to get rid of Snyder, but those are not just a couple of misplaced comma in the contract...

[mooby]

Frenchie, hasn't been an NFL fan taught you anything?

The financials can always be reworked. There's always money that can be moved around.

Harris put forth the bid he thought would work, it isn't good enough for the NFL so he and the other owners need to get together and make the numbers work. It'll happen.

[FrenchSkin]

Originally Posted by mooby

Frenchie, hasn't been an NFL fan taught you anything?



The financials can always be reworked. There's always money that can be moved around.



Harris put forth the bid he thought would work, it isn't good enough for the NFL so he and the other owners need to get together and make the numbers work. It'll happen.

Oh yeah I'm not freakin out like "it ain't going to happen", but this is still a quite significant development, and I hope it doesn't linger on too much.

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