Washington Commanders are for sale, but are said to have sold to no one.
Bank of America, the team’s banker, told billionaire Jeff Bezos he was barred from bidding on the troubled NFL team. According to athletics And New York Post. The ban has reportedly been known for months, but that hasn’t stopped Bezos from recently exploring a bid for an investment firm.
The reason Dan Snyder’s camp is preventing one of the world’s richest men from paying billions of dollars for the team seems more personal. According to The Athletic, Snyder has believed for years that The Washington Post, which Bezos has owned since 2013, has been trying to oust him for years.
The Post’s bold report pressured Snyder, one of the NFL’s most infamous owners, to sell the team.
Given that Snyder’s personal indiscretions have been reported, such as one particular story involving Ball and the owners of the Washington Nationals, it’s no surprise that Snyder harbored resentment over what appeared to be the biggest possible effort for his team.
Dan Snyder reportedly didn’t get the price he wanted for the Commanders
The Bezos ban aside, the bidding process for the Commanders reportedly did not go as Snyder would have liked, given that he has never been serious about first selling the team he has owned since 1999.
Snyder was initially said to be seeking $7 billion, which would easily top the $4.56 billion set by the Denver Broncos last year.
The first round of bidding, sans pesos, is reported The Post reported that the highest bid was $6.3 billion, but Snyder didn’t get even that much with a top bid of $5.5 billion before this week’s deadline. The Athletic reported that all bids were less than $6 billion.
Snyder doesn’t need to sell low, though, because he can work with his team and hope the NFL’s current investigation doesn’t hurt him as hard as the last one.
Snyder’s franchise, once the most valuable franchise in sports, has seen the Commanders’ value drop to sixth in the NFL at $5.6 billion. Forbes latest rating. The team hasn’t won a playoff game since 2005, while attendance at the team’s widely maligned FedEx Field has become steadily more uncomfortable.