• Loading stock data...
Wednesday, October 8, 2025

The True Cost of Buying The Commanders Could Approach $10B

  • If the Commanders hit the market, the franchise could go for a record $6B or more.
  • Beyond the cost of the team, a new stadium will run into the billions.
Geoff Burke-USA TODAY Sports

The Washington Commanders have one playoff victory over the last 17 years, an apathetic fanbase and an outmoded stadium. 

That won’t stop the Commanders from almost certainly becoming the priciest sports franchise to ever change hands if majority owner Dan Snyder follows through with a sale of the franchise. 

One NFL team executive told Front Office Sports Wednesday — shortly after Snyder and his wife, co-CEO Tanya Snyder, announced the hire of a bank “to consider potential transactions” — that the Commanders could fetch $6 billion or more. 

At $5.3 billion, the sale of Chelsea FC earlier this year holds the worldwide sales record. Walmart heir Rob Walton’s purchase of the Denver Broncos ($4.65B) that was approved in August is the highest for a North American pro sports team. 

And the Commanders could go for multiples more than the costliest franchises among the four major sports:

  • New York Mets ($2.4B): purchased by hedge fund manager Steve Cohen in 2020.
  • Brooklyn Nets ($2.35B): bought by Alibaba co-founder Joseph Tsai in 2019. 
  • Pittsburgh Penguins ($900M): acquired by Fenway Sports Group in 2021. 

In 1999, Snyder led an ownership group that paid $850 million to acquire the Commanders. 

Last year, Snyder shelled out nearly $1 billion to buy out the 40% he or his family didn’t control last year. That upped Snyder’s personal stake in the Commanders to at least 80%. Family members own the rest of the team. 

NFL owners approved a debt waiver for Snyder to buy out the co-owners and much of the cost was financed in part through Bank of America, the firm that the Snyders tapped to handle a potential sale of the team. 

Dan Snyder

Snyder ‘Exploring All Options’ With Potential Commanders Sale

Washington Commanders owner Dan Snyder announced the hire of Bank of America…
November 2, 2022

A new owner likely won’t be done shelling out money when and if he or she acquires the Commanders and is approved by three-quarters of NFL ownership.

There’d almost certainly be a push for a new stadium, something that Snyder had struggled with over the last several months. 

The Commanders had been looking to build a $3 billion domed stadium in Northern Virginia, although the team has been unable to secure public funding. 

A new owner — minus the specter of multiple investigations and other baggage — could have better luck with the effort. There’s also the possibility that a change of ownership could lead to a renewed push into D.C. at the site of RFK Stadium, where the team called home for decades before the move into FedEx Field in 1997. 

That won’t be an easy task since the site is controlled by the National Parks Service. 

Rep. Eleanor Holmes Norton (D-D.C.) introduced a bill that would transfer the land to the city, but the bill hasn’t made it to the floor as Congress and the attorney’s general office for D.C. have open investigations into Snyder and the Commanders. 

Minus public money, the new owner may have to spend upward of $10 billion when the cost of a team and a new stadium are added together.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Hymie Elhai

Jets Say Execs Tried to Sink Team President in Bumbling Conspiracy

The team says thousands of deleted text messages show the plot.

NFL and College Football TV Ratings Continue to Surge, Especially for CBS

The network’s singleheader coverage Sunday drew huge viewership.
Jonathan Gannon

Cardinals Fine Coach Jonathan Gannon $100K for Striking Player

Demercado made a costly mistake in the Cardinals’ loss to the Titans. 

‘Absolutely Ridiculous’: Trump Blasts NFL Over Bad Bunny Choice

The president predictably panned the NFL’s selection of the Puerto Rican superstar.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.

Connor McDavid Signs Short-Term Deal, Eyeing Oilers’ Cup Window

The three-time Most Valuable Player signs for below his market value.
September 30, 2025

Tyreek Hill’s Injury Complicates Financial Future With Dolphins

Releasing the receiver after this season would cost $28 million.
October 1, 2025

Cardinals Vow Changes Coming After Historic Attendance Drop

A stalwart franchise looks to correct an alarming slide in attendance.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
Jun 12, 2025; New York City, New York, USA; New York Mets first baseman Pete Alonso (20) and relief pitcher Edwin Diaz (39) celebrate after defeating the Washington Nationals at Citi Field.
September 29, 2025

Two of the Mets’ Biggest Stars Could Dictate Important Offseason

The Mets missed the playoffs despite having one of baseball’s highest payrolls.
September 29, 2025

Mariners to End 37-Year RSN Run, Join MLB’s In-House Media Model

The Mariners-owned regional sports network is shutting down operations.
September 25, 2025

Celtics Owner Bill Chisholm: Boston Should Have a WNBA Team

Chisholm spoke to reporters Thursday for the first time as Celtics owner.
Aug 30, 2025; Phoenix, Arizona, USA; New York Liberty head coach Sandy Brondello calls out a play in the second half to her team against the Phoenix Mercury at Footprint Center.
September 25, 2025

Liberty GM Defends Controversial Brondello Firing

Kolb said he has confidence that the team’s stars will return.