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Washington Commanders Could Have New Owner By March

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Author: Abigail Gentrup

The process of a possible sale of the Washington Commanders will reportedly “be over soon.”

Dan Snyder and his wife Tanya Snyder announced plans to explore a potential sale in November. Sources told Front Office Sports that Snyder is still weighing both a full and partial sale of the franchise.

Should Snyder sell, an announcement could come as soon as March, according to NBC Sports Washington, possibly ahead of the league’s annual meeting at the end of that same month. The NFL’s new year begins March 15.

As a potential deal nears, talk about who might buy the team is swirling.

  • Amazon founder Jeff Bezos didn’t submit an official bid by the December deadline but isn’t completely out of the running. However, Dan and Tanya Snyder would reportedly rather not sell to Bezos, who also owns the Washington Post.
  • Los Angeles Dodgers, Lakers, and Sparks co-owner Todd Boehly — who led a consortium that won last year’s bid for Chelsea FC — has reportedly pulled out of the race.

Josh Harris and David Blitzer, who own the Philadelphia 76ers and New Jersey Devils through Harris Blitzer Sports & Entertainment, are among the half-dozen bidders vying for the Washington team, sources told Front Office Sports.

None of the December bids exceeded $6.3 billion, one source said.

Snyders’ Sale

The Snyders hired Bank of America after multiple investigations into the team for misconduct in the workplace and financial improprieties within the franchise. 

Snyder purchased the team for about $800 million in 1999 and, at 34, was the youngest owner in the league.

The post Washington Commanders Could Have New Owner By March appeared first on Front Office Sports.

Go to Source
Author: Abigail Gentrup