Saturday September 23, 2023
The Best Employers in Sports Survey is Now Open!

New Washington Commanders Owner Could Need Extra $1B

  • The Commanders are the sixth-most-valuable NFL franchise at $5.6 billion, per Forbes.
  • Dan Snyder bought the team for $750 million in 1999.
Headshot of Washington Commander's owner Dan Snyder
Tim Heitman-USA TODAY Sports
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever

As he steps down as chair of Fox and News Corp., we discuss his monumental and ongoing impact.
Listen Now
September 22, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

The next owner of the Washington Commanders may need some extra cash to finalize a takeover deal for the NFL franchise. 

Last month, Commanders owner Dan Snyder announced he was exploring a potential sale of the team after allegations of mismanagement and workplace misconduct. A team takeover could include an extra $1 billion to cover costs associated with a new stadium, according to CBS Sports. 

  • The Commanders are the sixth-most-valuable NFL team at $5.6 billion, per Forbes.
  • Snyder bought the team for $750 million in 1999.
  • Earlier this year, he failed to secure public funding for a new $3 billion stadium. 

Snyder has reportedly received offers “well north” of $7 billion that would include FedEx Field, the surrounding 264 acres, and the 150-acre team headquarters in Ashburn, Virginia.

The offers represent a significant jump from the $4.65 billion that a group led by Walmart heir Rob Walton paid for the Denver Broncos in June. 

Mascot Mess

The Commanders could face legal action by five former players over the use of a new mascot. 

The team plans to unveil a hog as its new mascot, but the symbol was trademarked in July by O-Line Entertainment — a company formed by the original “Hogs” — Joe Jacoby, Mark May, John Riggins, Fred Dean, and Doc Walker. The late Joe Bugel, who once coached the offensive line in Washington, came up with the nickname.

Washington Commanders fans wearing hog costumes

New Commanders Mascot Could Lead to Trademark Battle

The attorney for five members of the Hogs hinted at a trademark…
December 26, 2022

The group plans to file a trademark infringement suit if the Commanders adopt the hog mascot.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Sponsored

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
Ottawa-Senators

Andlauer Completes Record $950M Senators Acquisition

Long-awaited pact follows three months of due diligence, league review

FIFA, Kroenke Clash Over SoFi Stadium's World Cup Revenue Sharing

SoFi Stadium's hosting of World Cup matches may be in jeopardy.

TKO Makes First Big Move After WWE-UFC Merger

Investors drop TKO shares by 15% following SmackDown rights deal
podcast thumbnail mobile
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever

0:00
0:00

Featured Today

Deion Sanders with The Rock on ESPN's "College GameDay."

Deion Sanders Generated $45M In Earned Media For Colorado

From Sept.1-22, Sanders generated $45.7M for the public university.
September 23, 2023

Up Next For College Football Playoffs: More Change, Money, And ... Streaming?

Many changes are coming to the CFP when it expands to 12 teams.
September 22, 2023

Warriors Stake Reportedly Up For Sale at $7B Valuation

A 10% stake in the franchise could cost $700 million.
September 22, 2023

Jaguars Threaten Move Without $1B From Jacksonville Taxpayers

The Jagaurs are hoping to renovate TIAA Bank Field for $2 billion.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
A view of the Spurs club badge on the exterior of Tottenham Hotspur Stadium in London.

Tottenham, Valued At $2.8B, Says It's Open To Stake Sale

The club's chairman says new minority investors could come on board.
September 21, 2023

England Women’s Team Resolves Pay Dispute After WWC Success

Agreement arrives a month after the end of the 2023 Women's World Cup
September 20, 2023

Royals Miss Self-Imposed Deadline To Select Stadium Site

Ongoing discussions with Jackson, Clay Counties prompt timetable shift
Chelsea-FC
September 20, 2023

Chelsea Gets $500M For Stadium Projects, Club Acquisitions

The Premier League club is receiving crucial new investment.
September 19, 2023

Rays Eye Much More Stable Future With Stadium Deal

Ballpark deal ends years of relocation rumors
September 18, 2023

Wisconsin Legislators Make Renewed Pitch To Keep Brewers

Republican-led effort looks to retain MLB club in the state
September 18, 2023

Delay Around Brady's Raiders Stake Sparks Questions

Tom Brady's purchase of a stake in the Raiders is still pending.
September 18, 2023

Orioles’ Angelos Says Staying In Baltimore ‘A Given’

Reclusive Angelos conveys new confidence of new lease deal