Jeff Bezos does not plan on bidding for ownership of the Washington Commanders. What this means for the other potential bidders ⤵️
— whose sports holdings include the Philadelphia 76ers and New Jersey Devils — and a group led by Canadian billionaire Steve Apostolopoulos.Bezos’ role in the sale of the NFL’s Washington franchise has often felt like wishing more than reality. Yes, the Amazon founder has long been mentioned as a potential future NFL owner, he hired an investment banking firm, Allen. & Co., to help study the Commanders’ situation and has become part of the high-end social scene in the nation’s capital.
Washington reached the playoffs only six times, finishing with more team names than postseason wins under Snyder. The two-plus decades were characterized more by off-the-field chaos than wins. Snyder became engulfed with controversy following a series of reports on harassment and a toxic work environment inside team headquarters.Snyder, a co-owner with Tanya Snyder, his wife, also increasingly faces debt and cash flow issues.
With pressure on Snyder increasing amid scandals and investigations, the possibility of a sale became clearer last fall. At the October league meeting, owner Jim Irsay told reporters he believed there was “merit” to remove Snyder as Washington’s owner and that it was possible Snyder could be voted out by 24 of the 31 fellow owners.On Nov. 2, the Snyders announced the hiring of Bank of America Securities to “consider potential transactions.”
For any new owner, the list of tasks will include resuming stalled plans for a new stadium, determining possible changes with the coaching and football staff and winning back a fan base that — over the past 24 years — went from leading the league in attendance to finishing last in 2022. The ownership change alone will renew interest for many.
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