After months of grinding on the details, the sale of the Washington Commanders is officially complete. And with it, lightning-rod team owner Dan Snyder is no longer a member of the league’s ownership class.

Snyder’s fellow NFL franchise owners voted unanimously to approve the $6.05 billion sale on Thursday, the league announced, transferring the team into the hands of a group led by private equity investor Josh Harris. The move came swiftly after the league’s finance committee gave club owners a green light earlier in the week, recommending a transaction that could ultimately pave the way for future “group collectives” purchasing NFL teams, rather than the tradition model of one owner holding the majority of equity in a franchise.

The sale sets a world record in pricing for a sports team, eclipsing the $5.3 billion purchase of English Premier League club Chelsea in 2022 by a group led by Los Angeles Dodgers co-owner Todd Boehly. It also represents a significant leap forward for NFL franchise prices, significantly outpacing the $4.65 billion purchase of the Denver Broncos by the Walton-Penner group last year.