A Washington Commanders sale could happen quickly — and an NBA superstar is showing interest.
Sources told Front Office Sports team owner Dan Snyder could sell the entire franchise, a process could be completed by the spring.
- Snyder hasn’t publicly committed to selling all or even a majority stake in the team but hired Bank of America to explore a transaction.
- Amid concerns that the lawsuits and investigations Snyder is facing could jam up the sale process, sources indicated that the legal issues could actually prevent a protracted process.
- Snyder may be required to put a significant sum in an escrow account to cover penalties and damages that arise from investigations, including those from the Department of Justice, House Oversight Committee, the attorneys general of Virginia, Maryland, Washington, D.C., and the NFL.
Durant Wants In
Brooklyn Nets star Kevin Durant, a lifelong Commanders fan, told ESPN that he would like to be part of the next ownership group.
Durant is no stranger to team ownership: He owns stakes in the MLS’ Philadelphia Union, the NWSL’s NY/NJ Gotham FC, and a Major League Pickleball franchise.
The sale, which one NFL team executive told FOS could reach $7 billion, has already attracted at least five ownership groups.
Jeff Bezos, possibly in concert with Jay-Z, is expected to bid, as are entertainment mogul Byron Allen, New Jersey Devils, and Philadelphia 76ers co-owner Josh Harris, and United Wholesale Mortgage CEO Mat Ishbia.