Amazon’ Jeff Bezos Reportedly Interested In Partnering With Jay-Z To Purchase Washington Commanders
Amazon Executive Chairman Jeff Bezos is believed to have expressed interest in possibly forming a partnership with rapper Jay-Z to joint purchase the Washington Commanders, according to reports from People.com. Bezos’ interest comes after the announcement was made that Dan Snyder hired Bank of America to handle the potential sale of the franchise. However, Bezos’ desire to own an NFL franchise dates as far back as 2019, as well as his ties to Snyder and the Commanders.
Jason La Confora of CBS Sports reported that the multi-millionaire was moving to Washington D.C. and has maintained a close relationship with both Snyder and several other NFL owners. Bezos also owns the newspaper The Washington Post, through his other company Nash Holdings LLC. He has owned the paper since 2013 after purchasing it for $250 million. He will have competition in bidding for the Commanders, as Byron Allen is also putting together a bid to buy the organization.
Forbes recently valued the Commanders franchise at $5.6 billion in August. Current Commanders owner Dan Snyder purchased the team back in 1999 for $800 million, which was the league record during that time. This will be Allen’s second time this year entering a bid on an NFL team. If successful, it could make him the first African-American NFL owner in league history.
“Any potential transaction would have to be presented to the NFL Finance Committee for review and require an affirmative vote by three-quarters of the full membership,” according to Brian McCarthy, an NFL spokesman. Meaning, a minimum 24 of the 32 team owners are required to agree with the proposed bid if presented.
People has more HERE.