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Saturday, November 23, 2024

Bezos, Jay-Z Reportedly Teaming Up on Commanders Bid

  • Jeff Bezos and Jay-Z are reportedly working together on a bid for the Washington Commanders.
  • Josh Harris and others are preparing bids.
Washington-Commanders
Jay Biggerstaff-USA TODAY Sports

Two of the biggest figures in U.S. culture and business are teaming up to buy the Washington Commanders.

Jeff Bezos and Jay-Z are both interested in buying the NFL team, according to multiple reports, following an announcement that team owner Dan Snyder had hired Bank of America to explore a sale — and they’re not alone.

  • Byron Allen, who would be the first Black NFL principal owner, is reportedly preparing an offer. 
  • Robert Griffin III, who played in Washington for four seasons, also expressed interest in buying a stake. 
  • Josh Harris — who owns stakes in the New Jersey Devils, Philadelphia 76ers, and the Premier League’s Crystal Palace — is reportedly looking to buy the team. 

Bezos is considered the frontrunner due to his $114.4 billion net worth and the strategic alliance afforded by his position as founder of Amazon, which holds exclusive rights to “Thursday Night Football.”

He is reportedly willing to pay more than $5.5 billion, and the bid could value the team as high as $6 billion

Conflict of Interest?

It’s not immediately clear how Jay-Z’s potential ownership role would affect his other work with the NFL. His Roc Nation company is the league’s official live music entertainment strategists.

Roc Nation’s agency represents a potential conflict of interest: It lists 58 NFL players as clients on its website, including Saquon Barkley and Leonard Fournette. Jay-Z gave up his stake in the Brooklyn Nets because his agency also represents NBA players.

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