Washington Commanders proprietor Dan Snyder is alerting NFL officials that his asking value for nan squad is $6 billion, a move that will importantly limit nan number of bidders and puts billionaire Amazon laminitis Jeff Bezos successful nan rod position to bargain nan team, FOX Business has learned.
Bezos is said to beryllium willing successful buying nan team, according to group acquainted pinch his thinking, and has hired finance bankers to research a imaginable bid. NFL officials are said to want him arsenic an owner, these group say, because he whitethorn beryllium champion capable to meet Snyder's value demands and convention rules wherever a squad proprietor must clasp 30 percent successful equity arsenic portion of immoderate buyout. Bezos is 1 of nan world's richest men, worthy $120 billion, overmuch of it liquid and a chunk of it successful Amazon stock.
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A typical for Bezos didn't return an email for comment. Press officials for nan Commanders and nan NFL had nary contiguous comment.
Commanders proprietor Dan Snyder earlier a crippled betwixt nan New York Giants and nan Washington Commanders successful East Rutherford, NJ connected September 29, 2019 . (John McDonnell/The Washington Post via Getty Images / Getty Images)
Other imaginable bidders for nan famed franchise, formerly known arsenic nan Washington Redskins, see Josh Harris, a co-founder of backstage equity patient Apollo Global, who now runs Harris Blitzer Sports Entertainment. Harris Blitzer owns sports properties for illustration nan Philadelphia 76ers, and Harris is estimated to beryllium worthy $6.2 billion. That said, it's unclear he has nan superior to get successful a bidding warfare pinch personification of Bezos' tremendous wealth.
Bezos, who stepped down arsenic CEO of Amazon successful 2021, remains nan executive president of nan ubiquitous on-line retailer that has precocious ventured into sports programming done its Amazon Prime platform, including nan NFL's Thursday nighttime football. He is said to beryllium a immense shot instrumentality arsenic is his girlfriend, erstwhile TV anchor Lauren Sanchez, who shares a boy pinch NFL awesome Tony Gonzalez.
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Bezos besides owns nan Washington Post newspaper, but is said to beryllium increasing wary of nan business that is facing losses amid a slump successful integer ads arsenic nan system slows. Some NFL sources opportunity Bezos is looking to waste nan Post to give his clip to moving nan Commanders. One prospective buyer, they say, could beryllium Michael Bloomberg, nan erstwhile New York City mayor, philanthropist and billionaire proprietor of Bloomberg LP, a media and financial accusation powerhouse.
LANDOVER, MARYLAND - FEBRUARY 02: A elaborate position of nan caller Washington Commanders uniforms pursuing nan announcement of nan Washington Football Team's sanction alteration to nan Washington Commanders astatine FedExField connected February 02, 2022 successful Landover, Maryland (Photo by Rob Carr/Getty Images / Getty Images)
A rep for Bloomberg had nary contiguous comment.
League sources opportunity Bezos could bring successful partners but stay nan main proprietor and return nan lead successful moving nan team. One sanction speculated successful NFL circles is nan famed rapper and entrepreneur Jay-Z. A spokesperson for Jay-Z had nary contiguous comment.
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Snyder is nether tremendous unit to waste nan squad aft allegations and a convention investigation into a toxic workplace situation connected nan business broadside of nan Commanders. Amid nan contention he has stepped distant from immoderate of nan day-to-day responsibilities of moving nan team, and has appointed his woman Tanya arsenic co-CEO.
Billionaire American businessman Jeff Bezos arrives for his gathering pinch British Prime Minister Boris Johnson astatine nan UK negotiated residence successful New York City, New York, U.S., September 20, 2021. Michael M. Santiago/Pool via REUTERS (Michael M. Santiago/Pool via REUTERS / Reuters Photos)
That said Snyder is telling convention officials his asking value isn't cheap; he bought nan squad successful 1999 for a then-record $800 cardinal and now wants astatine slightest $6 billion. League officials are cautiously eying nan database of imaginable buyers and person recognized that his value demands importantly narrows nan section of imaginable bidders to possibly conscionable Bezos. Meanwhile, if Bezos does meet Synder's precocious bar, he would beryllium greatly enhancing nan worth each convention franchises fixed nan measurement NFL teams are assessed.
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"Snyder wants astatine slightest $6 billion. That intends to meet nan convention equity, you request $2 cardinal successful cash," said 1 sports executive pinch nonstop knowledge of nan process. "Who has that type of mixed laying astir but Jeff Bezos?"