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Report: Dan Snyder holding out for $7B bid for Commanders

Feb
9
2/9/2023 3:58:24 PM
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NFL Commissioner Roger Goodell didn’t break any news regarding the outside investigation into the Washington Commanders or the potential sale of the embattled franchise owned by Dan Snyder at Wednesday’s Super Bowl news conference. 

There haven’t been many revelations on the Commanders’ sale since Front Office Sports reported last month that bidders were told Snyder was looking to offload at least a majority stake of the team. 

One factor for the lack of news: Snyder appears to be holding out for a $7 billion bid for the franchise, two sources with knowledge of the process told AJ Perez of Front Office Sports

The highest offer through the first round of bids closed in December was $6.3 billion. That would be a worldwide record for a sports franchise and $1.6 billion more than the Denver Broncos sold last year. 

But that’s still below the rosy prognostications that the Commanders could fetch as much as $8 billion. 

A Commanders’ spokesperson declined to comment. 

While there are no indications Amazon founder Jeff Bezos has put in a bid, one source told FOS that Bezos could be the among the only potential suitor willing to pay close to $7 billion.

The rub is Snyder’s apparent unwillingness to sell to Bezos, who owns The Washington Post. The outlet exposed the toxic workplace claims and detailed a previously unknown harassment claim against Snyder in 2009. Snyder denied the allegations of harassment. 

A source told Front Office Sports that there remains some concern around the league that Snyder may ultimately decide not to sell if he doesn’t get closer to $7 billion. But there’s still belief around the league that Snyder will sell most — if not all — of the team, especially since the potential sale has quelled the effort to remove Snyder. 

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