The NFL world was buzzing Wednesday morning when a Forbes report stated that Washington Commanders owner Daniel Snyder had hired Bank of America to explore a potential franchise sale.
The report stated that it could be for the entire team or a minority stake. Shortly after the Forbes story broke, the Commanders released a statement confirming the story.
From the Commanders: pic.twitter.com/TPBHtv4Xgg
— John Keim (@john_keim) November 2, 2022
What does this mean? At this point, no one really knows except the Snyder family.
But that hasn’t stopped at least one potential buyer from preparing to make a run at the Commanders.
Media mogul Byron Allen, the founder, owner and CEO of Entertainment Studios, also known as the Allen Media Group, is preparing a bid for the Commanders, according to Kamaron Leach of Bloomberg.
Per Leach, Allen is working with an investor group. If he follows through with a bid on the Commanders, it would be his second bid at NFL ownership this year. Allen placed a bid on the Denver Broncos earlier this year, but Denver’s bid was won by a group led by Robert Walton of the Walmart fortune for $4.65 billion.
A bid for Washington is expected to cost significantly more.
Allen has been a successful stand-up comedian, television producer and media executive. The 61-year-old Allen was born in Detroit and grew up in Los Angeles.