Investors In Josh Harris’s Investor Group Identified

The wait continues for the eventual sale of the Commanders from current owner Dan Snyder to the group headlined by Josh Harris. As the days pass without a final resolution, we continue to learn more and more about the situation.

Particularly, we’ve continued to acquire information concerning the makeup of Harris’s group. Long rumored to be involved in the sale, basketball legend Magic Johnson was confirmed by Ben Volin of the Boston Globe to be a minority investor. Johnson is reportedly expected to be in for about four percent of the purchase or approximately $240MM. Co-founder of the Danaher Corporation Mitchell Rales was also confirmed to be involved, according to Mark Maske and Nicki Jhabvala of The Washington Post.

Another limited partner was identified to be South American billionaire Alejandro Santo Domingo and his family, according to Scott Soshnick and Eben Novy-Williams of Sportico. The Santo Domingo family is worth approximately $12.2BB thanks to a portfolio that includes the likes of Anhueser-Busch InBev, Chilean bank Corpbanca, and Spanish bank Inmobiliaria Colonial. They are believed to be the richest family in Colombia, and Santo Domingo himself has an estimated net worth of $2.8BB, according to Maske and Jhabvala.

Additionally, ex-CEO of Google Eric Schmidt has been confirmed as another investor in the group, according to Giles Turner and Heather Perlberg of Bloomberg. Schmidt’s net worth is estimated around $21.7BB by some sources and $18.1BB by others. Schmidt left Google in 2018 and Alphabet, Google’s parent company, a year later.

While all these names have been confirmed as participating, one name was confirmed as not investing. Despite some speculation that former Washington head coach Joe Gibbs would be joining the investment group, it appears his only involvement in the sale is on an advisory basis. According to John Keim of ESPN, Gibbs “is close to Harris and has provided insight/counsel.”