ASHBURN, Va. (AP) — A group led by Josh Harris has agreed to buy the NFL's Washington Commanders from longtime owner Dan Snyder and his family.

The sides announced the deal in a joint statement Friday, roughly a month after they reached an agreement in principle on the sale for a record $6.05 billion.

The deal is the highest price paid for a North American professional sports franchise. It is still pending approval of three-quarters of owners and other customary closing conditions.

Harris’ group includes Washington-area billionaire Mitchell Rales and basketball Hall of Famer Magic Johnson. Snyder has owned the team since 1999.

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