With the NFL’s owners’ meetings approaching, attention is increasingly being turned to the potential sale of the Commanders. The shortlist of bidders in the running to purchase the embattled franchise appeared to be set, but a few notable changes have become clear in recent days.
Josh Harris’ bid has gained a noteworthy and familiar ally in the form of Earvin ‘Magic’ Johnson. The NBA legend has joined the Harris group, as first reported by Sportico’s Scott Soshnick and Eben Novy-Williams. It is unclear at this point how much capital Johnson could be contributing, but he has a long history of becoming a minority in other pro sports franchises.
The 63-year-old has a stake in the Los Angeles Dodgers, WNBA’s LA Sparks, as well as Major League Soccer club LAFC. Last offseason, Johnson became a part of Harris’ ownership group attempting to purchase the Broncos, which ultimately came up short on that occasion. The pair will now partner once again in their latest effort to join the NFL’s ownership ranks, though they will be facing increased competition.
Canadian billionaire Steve Apostolopoulos has joined the list of interested suitors to tour the Commanders’ facility and emerge as potential new owners, per ESPN’s Brian Windhorst, Adam Schefter and John Keim. That makes him the third known bidder, along with Harris and Houston Rockets owner Tilman Fertitta, who was identified last month as one of the finalists to purchase the team.
The ESPN reports notes that Apostolopoulos, a Harvard graduate whose personal net worth sits at an estimated $3.9B, had shown an interested in purchasing the Charlotte Hornets. Instead, he has now turned his attention to the NFL, and the possibility of being involved in what is expected to be another record-shattering sale in terms of total price if the Commanders are sold in full.
Lurking over this ongoing process, of course, is Jeff Bezos. The Amazon founder has long been considered the top name to watch amongst potential bidders, given his immense wealth and proximity to the franchise as owner of the Washington Post. The latter factor, along with the personal tension it has caused between Bezos and Commanders owner Dan Snyder, however, has been named as the top reason why Bezos has reportedly been blocked from participating in the bidding process to date.
As Ralph Vacchiano of Fox Sports tweets, though, many around the league still believe “it’s only a matter of time” before Bezos submits a bid the other suitors cannot compete with at the eleventh hour to secure ownership of the Commanders. For now, at least, he remains on the sidelines with respect to potential new owners, however.
The upcoming league summit has been floated as a time for a sale to become finalized, since it would require approval from the NFL’s other owners to earn ratification. While Snyder’s recent actions have led to reports of a sale being imminent, it might not be in place in time to be finalized by the end of the month, according to Nicki Jhabvala Mark Maske and Liz Clarke of the Washington Post. They nevertheless reiterate that Snyder is expected to sell “in the coming weeks or months,” so a resolution to this saga could be on the horizon.
8 comments on “Latest On Commanders Bidders, Potential Sale Timeline”
Unless Bezos submits an offer of like 10B I can totally see Snyder going with a lower offer just to stick it to Bezos.
Bezos is so rich that he wouldn’t care if he over paid. The franchise is worth 5 billion so Bezos can offer 7 billion which is enough to outbid anyone else. At the end of the day, Snyder can say he won by getting 2 billion more. Bezos doesn’t care about the money.
Snyder should see if he can get a Saudi investor interested – as that’s the best way he can shove it in the face of the DC cabal that’s been forcing this sale.
Saudis like the other futbol…..
Why would Snyder block Bezos when the Bezos bid will probably blow away all the others? Is Snyder
(sorry, MR. Snyder) that big of a douchenozzle?
That’s actually underselling how big of one he is
Not sure why Apostolopoulos would consider bidding when the Canadian looney is only 72 cents against the American dollar. Perhaps he wasn’t at Harvard to study economics.
How much of his money is in US banks? Maybe he makes money in the US and brings it back and gets the money in Looneys so he makes up for the loss going back. Lots of questions about his money just don’t care enough to research it. Mainly because I don’t care about the Redskins or anyone to do with them.