May 12, 2023
On May 12, 2023, the Washington Commanders and a partnership led by Josh Harris announced they have entered into a purchase and sale agreement which calls for Harris and partners to acquire the Washington Commanders from the Snyder family. The agreement is subject to NFL approval as well as the satisfaction of customary closing conditions. Cravath is representing the Snyder family in connection with the transaction.
The Cravath team is led by partners Mark I. Greene, Aaron M. Gruber and Ryan J. Patrone and includes associates Marc Bode, Connor F. O’Neill, Brian E. Weinrib and Kiyon Hahm on M&A matters; partner Stephen M. Kessing and associate D. Ana Choi on financing matters; partners J. Leonard Teti II and Andrew T. Davis and associate Duncan H. Hardell on tax matters; partner David J. Kappos and associate Carys J. Webb on intellectual property matters; partner Jonathan J. Katz, practice area attorney Aaron S. Cha and associate Brendon J. Rivard on executive compensation and benefits matters; partner Margaret T. Segall and of counsel Jesse M. Weiss on regulatory matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Sarah R. Brathwaite also worked on intellectual property matters.
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