Tag: Sell the Team

Some big-time bids are coming in for the Washington Commanders

With the first round of bids due this week, bidders for the Commanders are offering more than expected. A lot more.

The first round of bidding for the Washington Commanders ends this week. It’s unclear which day the bidding ends since this is a holiday week, but one thing is certain: the Commanders will cost someone a lot of money.

Mike Ozanian of Forbes reported Thursday that Washington owner Daniel Snyder had received bids “well north” of $7 billion for the franchise and real-estate assets associated with the team. Earlier this year, Washington was listed as the sixth-most valuable NFL franchise at $5.6 billion.

The Denver Broncos were sold this year for $4.65 billion, a record for a North American sports franchise. Washington was always going to top that number, and with the first round of bids already over $7 billion, could the Commanders be sold for double of the Walton family paid for the Broncos?

The Dallas Cowboys are ranked the most-valuable franchise at $8 billion.

Snyder hired Bank of America this fall to explore potential team transactions, including possibly selling the entire team.

Considering everything the Washington franchise has gone through, the consistent losing, and a terrible stadium, it’s remarkable that opening bids are already over $7 billion. Interested buyers likely know of Washington’s potential value and that a new owner will have plenty of options for a new stadium, which wasn’t going to happen under Snyder.

Albert Breer brought up an interesting point about Thursday’s news.

It’s been a good couple of months for Washington fans with a potential team sale and the Commanders winning on the field.

Amazon founder Jeff Bezos is the favorite to win the bidding — if he’s genuinely interested.

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DC attorney general: ‘Major announcement’ involving Commanders coming Thursday

DC attorney general Karl Racine says a major announcement regarding the Commanders is coming Thursday.

Washington D.C. attorney general Karl Racine emailed reporters Wednesday to announce a press conference at noon ET Thursday where he will “make a major announcement related to the Washington Commanders.”

According to the release, the office of the attorney general will also hold a follow-up press event for reporters later that afternoon.

No further details were revealed during the release. However, The Washington Post reported in October that Racine had nearly completed his investigation of the Commanders and owner Daniel Snyder. The investigation allegedly began in the fall of 2021.

The office of D.C. Attorney General Karl A. Racine (D) has nearly completed its investigation of the Washington Commanders and their owner, Daniel Snyder, and is planning to take further action in the case, according to a person familiar with the investigation.

This comes one week after Snyder hired Bank of America Securities to “explore potential transactions” for the franchise. The team quickly confirmed the report. Later that day, an ESPN report stated that the U.S. attorney’s office in the Eastern District of Virginia was investigating the team for alleged financial improprieties.

While there have been questions about Snyder potentially selling the entire team or looking for a minority partner, Jay Glazer of FOX Sports reported Sunday that Snyder is selling the franchise and that the NFL wants this complete within the next six months.

Twitter reacts to Commanders’ loss to Vikings in Week 9

Here are some of the top reactions from Washington’s loss to the Vikings.

The Minnesota Vikings snapped the Washington Commanders’ three-game winning streak with a 20-17 win Sunday. Minnesota kicker Greg Joseph nailed a short field goal with 12 seconds remaining to break the hearts of Washington fans.

Washington quarterback Taylor Heinicke had his ups and downs Sunday, throwing two touchdown passes and one back-breaking interception which completely tilted the game in Minnesota’s favor.

The Commanders defense was outstanding again, hitting Kirk Cousins over and over, but to his credit, the former Washington quarterback hung tough and made some big throws when it mattered the most.

We’ve compiled some of the best Twitter reactions from Sunday’s game that include Heinicke, Cousins, Dan Snyder and more.

Fans chant ‘sell the team’ as they leave FedEx Field after Commanders’ loss

Fans continue to pressure Washington owner Daniel Snyder to sell the team. Even Vikings fans helped out on Sunday.

It sounds like fans of the Washington Commanders may finally be getting what they wanted after all these years. Last week, Forbes reported that Washington owners Dan and Tanya Snyder had hired Bank of America to explore potentially selling the team.

The Commanders confirmed the move.

Jay Glazer of FOX Sports reported Sunday that the Commanders are for sale and that the NFL would like to wrap this up within the next six months, potentially by the NFL owner’s meetings in March. Glazer said the Commanders could be sold for as much as $7 billion.

That didn’t stop fans at FedEx Field from chanting “sell the team” as they were leaving the stadium after Washington’s crushing 20-17 loss to the Minnesota Vikings on Sunday.

Before the game, fans chanted, “sell the team,” with some help from the Minnesota fans in attendance.

Nicki Jhabvala of The Washington Post caught up with a couple of wore “sell the team” t-shirts.

The Commanders have four home games remaining this season.

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Jay Glazer: Commanders are for sale and NFL hopes to have it done within 6 months

The NFL hopes to finalize the sale of the Commanders by the NFL owner’s meetings in March.

The Washington Commanders are for sale and could fetch as much as $7 billion, according to Jay Glazer of FOX Sports.

Forbes broke the story last week that Washington owner Daniel Snyder was “exploring” a potential team sale. It wasn’t specific as to whether it was a complete sale or a minority stake in the franchise to raise some capital.

The Commanders released a statement shortly after the Forbes report, stating they were exploring “potential transactions.”

Regardless, the potential buyers are already lining up, with Byron Allen expecting to make a bid. And, unsurprisingly, Jeff Bezos is also reportedly interested.

There will be others.

And the sale of Washington could happen soon.

“The other interesting part is the timeline,” Glazer said. “This is not going to be a long, drawn-out process. I’m told the hope is to have this done within the next six months and actually have it finalized by the NFL owner’s meetings next March.”

The Commanders are hosting the Minnesota Vikings in Week 9 at FedEx Field.

Media mogul Byron Allen is set to place a bid on the Commanders

Byron Allen made a bid for the Denver Broncos earlier this year.

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.

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.

Twitter reacts to Dan Snyder potentially selling Commanders

Some of the best reactions to the latest news involving Dan Snyder potentially selling the Commanders.

Forbes had the NFL world buzzing just before 11 a.m. ET Wednesday morning when breaking a story that Washington Commanders owner Daniel Snyder is considering selling the franchise.

The report stated, “Snyder and his bankers are exploring all options, and a transaction could be for the entire NFL team or a minority stake.”

Washington fans are a pessimistic bunch, and rightfully so. Naturally, the final two words [minority stake] had many fans pausing their excitement. Nonetheless, it was a significant development for a fan base continuously searching for hope.

Here are some of the best Twitter reactions to the latest Snyder news.

Dan Snyder exploring options to sell Commanders

Daniel Snyder hired Bank of America to consider “potential transactions,” which include selling a minority stake or the entire team.

Could Daniel Snyder be on the verge of selling the Washington Commanders?

According to Mike Ozanian of Forbes, Snyder has retained Bank of America Securities in an effort to sell the Commanders. It’s important to note that Ozanian said Snyder is exploring all options, such as selling a minority stake in the team or selling the team outright.

Bank of America helped Steve Ballmer purchase the NBA’s Los Angeles Clippers in 2014.

Snyder and his family gained complete control of the Commanders in March 2021 when he acquired the remaining 40% of the team from his former partners, Dwight Schar, Fred Smith and Robert Rothman. The NFL approved a $450 million debt waiver for Snyder to acquire the remaining 40% of the team.

Snyder is currently under investigation by the NFL, U.S. House Committee on Oversight and Reform and others.

After Forbes broke the story, the Commanders released the following statement confirming Snyder’s plans.

We’ll continue to follow this story as it develops.

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Commanders co-owner Tanya Snyder says team’s former name at alumni event Sunday

Tanya Snyder spoke to a group of fans and former players ahead of the game where she closed her speech with “Hail to the ………”

It was supposed to be a special weekend for the Washington Commanders. It was homecoming weekend for the franchise. Washington invited several former greats who donned the burgundy and gold to partake in different events involving the team over the weekend.

On Friday, “The Posse,” Washington’s legendary trio of wide receivers from the 1980s and early-1990s were at practice. And the Commanders would also add 10 new names to the franchise’s “90 greatest” list Sunday.

Before Sunday’s game against the Green Bay Packers, Washington co-owner, Tanya Snyder, held a rally with fans and some of the former players where she spoke. Team president Jason Wright also spoke to the crowd.

Snyder thanked the former players and closed her speech with the following comment:

“Hail to the Redskins, and let’s beat Green Bay.”

Snyder’s comments caused a mixed reaction on social media. Regardless of how some feel about the name, some fans left the day the name was changed and may never return. Others couldn’t believe Snyder used the team’s former name.

Was it a slip of the tongue? An act of defiance? Or a nod to some of those displeased fans? As some pointed out on Twitter, perhaps Snyder made the statement because all of the franchise legends in attendance played for the “Redskins,” not the Football Team or the Commanders.

Regardless, it didn’t stop fans from chanting “sell the team” at the Snyder family on Sunday. It was truly a shame for the former franchise greats and the current players who picked up an impressive win over the Packers.

Al Michaels: The league would love for Snyder to sell the team

Michaels didn’t indicate he was told that; he said it was more of a feeling. However, it is significant.

The Washington Commanders defeated the Chicago Bears 12-7 on Amazon Prime’s Thursday Night Football. It was an ugly game, which seems to be the trend for Thursday night games.

However, the most significant aspect of Washington’s game Thursday was when legendary broadcaster Al Michaels spoke about owner Daniel Snyder’s ongoing problems and said the following.

“Just my feeling, I think what the league would love is for Snyder to sell the team,” Michaels said.

This was big. For Michaels to even discuss Snyder’s multiple investigations during the Amazon broadcast is monumental. But for him to say he thinks the league would love for Snyder to sell is a big deal.

Michaels has been calling NFL games for decades and has always been the top play-by-play guy for every network he has worked for. He is an NFL guy. While no one is suggesting that Roger Goodell instructed Michaels to say that, it is certainly noteworthy that Michaels would discuss that so openly.

Michaels’ comments made him an instant hero to Washington fans.

Here is the full video.

While no one currently expects anything to happen regarding Snyder at next week’s owner’s meetings, it has certainly become more interesting since Thursday morning’s ESPN report.

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