New York CNN —Dan and Tanya Snyder agreed to sell the Washington Commanders franchise to a group led by Josh Harris on Friday, according to a statement from from the team and the investment group. The group also includes NBA legend Magic Johnson as well as Mitchell Rales, the billionaire co-founder of conglomerate Danaher. Harris’ ownership groups include Johnson and billionaire Mitch Rales, Harris’ longtime sports business partner. Snyder first purchased the team, which was then known as the Washington Redskins, for a reported $750 million in 1999. The only franchises from other sports worth more than that $5.6 billion estimated value are the New York Yankees and New York Knicks.

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