• Loading stock data...
Friday, July 12, 2024

Jeff Bezos Hires Firm to Explore Bid for Washington Commanders

  • Bezos taps Allen & Company to analyze possible bid after laying low in the early bidding for the Commanders.
  • Owner Dan Snyder announced in November he was exploring a potential sale of franchise.
Jay Biggerstaff-USA TODAY Sports

The first true signal Jeff Bezos has an interest in the Washington Commanders went up on Thursday. 

The Amazon founder has hired Allen & Company — one of the top investment banking firms in sports — to explore a potential bid for the Commanders more than three months after owner Dan Snyder announced he’d explore a franchise sale, according to The Washington Post

A representative for Allen & Company declined to comment. 

It doesn’t necessarily mean Bezos will enter the bidding process, but executives and owners around the NFL expected him to explore an acquisition. 

Front Office Sports reported last month that Bezos wasn’t among the early bidders for the team that saw bids top out at $6.3 billion. 

Bezos is the world’s third-richest person, with an estimated net worth of $119 billion. He explored a minority stake in the Commanders years ago. 

Snyder is seeking as much as $7 billion for the franchise he purchased for $800 million in 1999. At the same time, Snyder hasn’t expressed that he would sell all or even a chunk of the team; all signs — including at the team’s headquarters Thursday, where Eric Bieniemy was introduced as the new offensive coordinator and assistant head coach  — pointed to Snyder selling.

In recent weeks, multiple potential buyers have paid visits to the team’s HQ in Ashburn, Va., including Harris Blitzer Sports & Entertainment co-founder Josh Harris

There have been questions about how receptive Snyder would be to a Bezos bid. 

Snyder has been frustrated over the years by coverage from The Washington Post, which Bezos purchased nearly a decade ago.

The outlet’s coverage of the team’s toxic workplace issues led to an independent investigation by the NFL that resulted in a $10 million fine of the team and Snyder stepping away from the team’s day-to-day operations in July 2021. 

Sources previously told FOS that Bezos might have to pay a premium to acquire the Commanders to overcome that animus. 

Multiple investigations into the team and Snyder are still ongoing, including one led by the U.S. Attorney’s Office in Eastern Virginia. FOS reported earlier this week that at least one subpoena had been issued as part of that probe. 

Allen & Company handled many of the largest franchise transactions in recent years, including the last two NFL teams to change hands (Denver Broncos and Carolina Panthers) and the MLB-record purchase of the New York Mets. 

Copy Link
Link Copied
Link Copied

What to Read

Oct 5, 2023; Landover, Maryland, USA; Washington Commanders owner Josh Harris with fans before the game against the Chicago Bears at FedExField.

Parts of the Commanders’ Past Finding Their Way Into Harris Era

The team is developing plans to honor former logo designer next season.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
April 13, 2024; Columbus, Ohio, USA; Ohio State Buckeyes wide receiver Emeka Egbuka (2) catches a pass for the scarlet team while defended by cornerback Jordan Hancock (7) of the grey team during the first half of the LifeSports Spring Game at Ohio Stadium on Saturday.

As NIL Turns Three, Collectives and Football Still Control the Industry

Collectives dominate NIL, and football makes up most of collective budgets.

Negotiations Over Native American Imagery Continue to Stall RFK Stadium Bill

The stadium bill remains delayed in the Senate after passing the House. 
podcast thumbnail mobile
Front Office Sports Today

Warner Bros. Discovery Faces Final Decision on NBA Rights


Featured Today

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’
July 7, 2024

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.
Oct 27, 2023; Sacramento, California, USA; A general of the Sacramento Kings logo on the court before the game against the Golden State Warriors at Golden 1 Center.
July 6, 2024

How Sports Went From Private Equity Punchline to Coveted Asset Class

Once an industry punchline, sports are now a coveted asset class.
July 2, 2024

Willie Mays’s Humility Was Key to His Genius

Mays took heat from all sides, and handled it his own way.

NBA and NHL Free Agency: Billions in New Deals Despite Economic Unrest

Rising revenues and salary caps are helping fuel a run of historic contracts.
June 24, 2024

Tiger’s Golf League Hits $500 Million Valuation Before First Swing

TGL will begin play in January 2025.
July 1, 2024

Bobby Bonilla Day: A Look at MLB’s Top Deferral Deals and Ohtani’s Pact

Well beyond Bobby Bonilla, many current and former MLB stars have their own lucrative deferrals.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
June 13, 2024

The ‘Big’ in Big 12 Could Soon Be Replaced With a Sponsor’s Name

Allstate is said to be in discussions about a deal with the Big 12.
June 13, 2024

Everything You Need to Know About the Schism Rocking Competitive Eating

The business story about hot dogs that you never knew you needed.
June 12, 2024

Saudi Arabia’s Next Big Sports Target: Boxing, With Joint Venture Worth $5B

The Public Investment Fund of Saudi Arabia is focusing on boxing as its next large-scale sports target.
June 11, 2024

Breakthrough? Tiger Says PGA Tour and LIV Golf Are Eyeing ‘End Game’

Woods called a recent meeting ‘productive.’