Potential bidders for the Washington Commanders believe Amazon founder Jeff Bezos will be the front-runner to buy the franchise, but the groups will scramble if the billionaire chooses not to pursue the team or set strict limits. Be the “next leading option” for how much he’s willing to spend, according to a new report.
Washington post Report On Thursday, potential groups argued that Bezos’ net worth made Commander “his takeover target” because he would likely be able to outbid all other potential buyers. Forbes estimates Bezos’ net worth at $120.5 billion, making him the fourth-richest person in the world.
Bezos has been strongly rumored to be interested in the Commander since the team confirmed owners Dan and Tanya Snyder hired an investment bank to explore “potential deals” including a possible franchise sale. People magazine reported that Bezos may be teaming up with hip-hop artist Jay-Z to bid.
In a CNN interview that aired Monday, Bezos said he did “hear that buzz” about Commander, but added that he couldn’t talk about it.
When asked if he would be interested in owning a sports team one day, Bezos didn’t deny it.
“I grew up in Houston, Texas, playing football,” Bezos said. “It’s my favorite sport. You know, we’ll just have to wait and see.”
The Bezos-owned Washington Post reported that the team that ran for the Denver Broncos earlier this year is expected to be a candidate to buy the commander. A total of five groups formally submitted bids to buy the Broncos before the team was sold for $4.65 billion to a group led by Wal-Mart heir Rob Walton.
Snyder, if he sells, is expected to fetch a higher price for his team than the Broncos. Forbes estimates Commander’s worth at $5.6 billion, though multiple reports suggest the price could be between $6 billion and $7 billion.
The Post added that the sale process for Commanders “may be slowed down” by legal issues surrounding burgundy and gold. Last week, District of Columbia Attorney General Karl A. Racine filed a lawsuit against the Commander, Snyder, the NFL and Commissioner Roger Goodell Consumer Protection Litigation. The NFL, Congress, the Virginia Attorney General’s Office and the U.S. Attorney’s Office for the Eastern District of Virginia are still conducting a series of investigations that could lead to more questions.
According to The Washington Post, any new buyers for the franchise do not want to be liable for any fines issued by the team.