Potential Commanders owner Josh Harris labeled a ‘value investor’
So you are all excited about Josh Harris repeatedly being named as the next probable owner of the Washington Commanders?
On Tuesday, one radio host was putting the skids on Harris, warning he might not be what the Commanders need in an owner after all.
Jason Bishop co-host of the Sports Junkies (106.7 The Fan), said Tuesday that “I’ve got a well-placed source, and I won’t say who; that said, ‘Josh Harris if he is the one who gets the team, is super-duper cheap’.”
“If he is the one who gets it (Commanders), he does have that reputation,” expressed Bishop.
John-Paul Flaim quickly asserted that the 76ers used to be a losing franchise, but they have really turned it around in the last few years with Harris as the owner. To which Bishop unhesitatingly countered, “Ok, that’s because their scouts and people drafting did a good job. That’s not necessarily because of the owner (Harris).”
Sportico’s sports business reporter Eben Novy-Williams, a guest on the Kevin Sheehan Show (The Team 980) gave context on Harris’ tendencies as an investor.
“Josh Harris is a notorious value investor,” expressed Williams. “He has been a runner-up in some of the biggest sports teams sales in history because he is not someone who raises his price to get an asset.”
Williams pointed to Harris being recently outbid to purchase the Mets and Broncos. “He looks at an asset and says, ‘This is what it is worth, and that is what I am going to pay for it.’ “That is not the way you buy sports teams now,” countered Williams. “The NFL is becoming much too expensive. Consequently, less and less wealthy people are even able to purchase a team.”
