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close video Jeff Bezos’ possible Commanders bid could make Dan Snyder the $6 billion man

FOX Business’ Charlie Gasparino reports billionaire Jeff Bezos could be eyeing the NFL’s Washington Commanders on ‘The Claman Countdown.’

Dan Snyder, the embattled owner of the Washington Commanders, bought the NFL team in 1999 for a then-record of $800 million. He and his advisers are now confident he can sell it for $6 billion or possibly more, people with direct knowledge of the matter tell Fox Business.

The reason? Jeff Bezos.

JEFF BEZOS THE FAVORITE WITH DAN SNYDER'S FIRM $6 BILLION WASHINGTON COMMANDERS ASK

 As Fox Business was first to report, Bezos, the Amazon founder worth $125 billion, is not being summarily rejected by Snyder as a bidder for the famed sports franchise (formerly known as the Washington Redskins) despite media reports to the contrary. In fact, people close to Snyder have reached out to Bezos' reps, saying the rumors of bad blood are way overblown. Snyder would welcome a Bezos bid, people with direct knowledge of the matter say. 

Team co-owners Dan and Tanya Snyder pose for a photo with former team members during the announcement of the Washington Football Team’s name change to the Washington Commanders at FedExField in Landover, Maryland, on Feb. 2, 2022. (Rob Carr/Getty Images / Getty Images)

It is for obvious reasons: If Bezos pays at least $6 billion for the team, Snyder would have produced a 650% return on the sale compared to 220.2% return in the stock market during that time. Not bad. 

Bezos, Fox Business has learned, has expressed interest in owning the Commanders, as both he and his girlfriend, Lauren Sanchez, are big football fans. He is no longer the CEO and running the day-to-day operations of Amazon (he remains chairman). He has hired bankers to explore a bid, but hasn’t yet bid. Bezos was put off when media reports surfaced that said Snyder wouldn’t sell to him over ill will because of the coverage of the Bezos-owned Washington Post about sexual misconduct allegations that have swirled around management of the team. 

The NFL is investigating, and Snyder has denied any wrongdoing.

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The reports prompted a Snyder rep to make contact with someone in the Bezos camp to tell them that the Snyder understands Bezos doesn’t control the Post’s editorial coverage, people with direct knowledge of the matter first told Fox Business. On Wednesday, several media outlets reported that Bezos and Snyder have spoken, though the details of their conversation could not be determined.

Jeff Bezos and his girlfriend Lauren Sanchez leave The Court restaurant in Rome, Italy. (Ciao Pix / Shutterstock / SplashNews.com)

So, will Bezos pull the trigger? A rep didn’t return an email for comment. A spokesperson for the Commanders had no comment. 

The thinking among NFL sources goes something like this: Once all the bids are in, that’s when Bezos might make his move and top the offers. So far, only a few potential bidders have emerged who can meet Snyder’s demands for a deal that’s around $6 billion. They include former Apollo Management founder Josh Harris of Harris Blitzer Sports Entertainment, which owns the Philadephia 76ers, among other sports franchises. Another bidder, Tilman Fertitta, owner of the Houston Rockets, is said to be offering around $5.5 billion.

Some NFL sources are dubious if Harris’ $6 billion is as firm as has been leaked (Harris Blitzer didn’t return a call for comment), given league requirements for equity, etc. Bezos, given his enormous net worth, can easily shell out that type of money and meet the NFL’s strict requirements that demand significant equity in any bid, and a limit on minority owners. With Bezos in the game, Harris might also be forced to bid a higher amount, these people add.

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Then there’s the mercurial Snyder. He’s sounding like he wants to sell, but people close to him say it’s his choice. The sexual harassment allegations around the team, they say, have a political taint since the congressional investigation that sparked the NFL probe was conducted largely by the then Democratic House majority, and Snyder is a Republican. His people say they are confident the league probe will show he has done nothing wrong. 

A general view of a section of stadium seats with the Washington Commanders logo before the game between the Commanders and the Cleveland Browns at FedExField in Landover, Maryland, on Jan. 1, 2023. (Scott Taetsch/Getty Images / Getty Images)

Snyder now runs the team with his wife Tanya, and together they have overhauled management. There is more than a possibility that Snyder could decide to keep a team that he loves if the NFL probe isn’t a problem. He is, after all, a longtime fan, having grown up in the D.C. area, and he desperately wants to win a Super Bowl.

But people close to Snyder, 57, say he also knows life is too short. He has a great life and a family. Meanwhile, the D.C. fan base is growing hostile to his ownership since the franchise, known for winning multiple Super Bowls in the 1980s and 1990s, has yet to win since he took over nearly a quarter-century ago.

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Also, $6 billion-plus is a hard number to walk away from, which is why Snyder has no problem with the Bezos bid.

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Politics

£3 bus fare cap could be scrapped after December 2025, hints transport secretary

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£3 bus fare cap could be scrapped after December 2025, hints transport secretary

The £3 bus fare cap could be scrapped after December 2025, the transport secretary has suggested.

Sir Keir Starmer recently confirmed that the £2 cap, which has been in place in England since 1 January 2023, will rise to £3 at the start of next year.

The government has said the £3 cap would stay in place for another year, until December 2025.

But speaking on Sunday morning with Trevor Phillips, Transport Secretary Louise Haugh indicated the government was considering abolishing the cap beyond that point to explore alternative methods of funding.

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She said: “We’ve stepped in with funding to protect it at £3 until 31 December next year. And in that period, we’ll look to establish more targeted approaches.

“We’ve, through evaluation of the £2 cap, found that the best approach is to target it at young people.

“So we want to look at ways in order to ensure more targeted ways, just like we do with the concessionary fare for older people, we think we can develop more targeted ways that will better encourage people onto buses.”

Pressed again on whether that meant the single £3 cap would be removed after December 2025, and that other bus reliefs could be put in place, she replied: “That’s what we’re considering at the moment as we go through this year, as we have that time whilst the £3 cap is in place – because the evaluation that we had showed, it hadn’t represented good value for money, the previous cap.”

It comes after Ms Haigh also confirmed that HS2 would not run to Crewe.

The northern leg of HS2, which would have linked Birmingham to Manchester, was scrapped by former prime minister Rishi Sunak during the Conservative Party conference last year.

There had been reports that Labour could instead build an “HS2-light” railway between Birmingham and Crewe.

But Ms Haigh said that while HS2 would be built from Birmingham to Euston, the government was “not resurrecting the plans for HS2”.

“HS2 Limited isn’t getting any further work beyond what’s been commissioned to Euston,” she added.

Last month the prime minster confirmed the £2 bus fare cap would rise to £3 – branded the “bus tax” by critics – saying that the previous government had not planned for the funding to continue past the end of 2024.

He said that although the cap would increase to £3, it would stay at that price until the end of 2025 “because I know how important it is”.

Manchester mayor to keep £2 cap

The cap rise has been unpopular with some in Labour, with Greater Manchester mayor Andy Burnham opting to keep the £2 cap in place for the whole of 2025, despite the maximum that can be charged across England rising to £3.

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The region’s mayor said he was able to cap single fares at £2 because of steps he took to regulate the system and bring buses back into public ownership from last year.

He also confirmed plans to introduce a contactless payment system, with a daily and weekly cap on prices, as Greater Manchester moves towards a London-style system for public transport pricing.

Under devolution, local authorities and metro mayors can fund their own schemes to keep fares down, as has been the case in Greater Manchester, London and West Yorkshire.

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Politics

Transport Secretary Louise Haigh downplays risk of empty shelves if farmers strike over inheritance tax

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Transport Secretary Louise Haigh downplays risk of empty shelves if farmers strike over inheritance tax

Shelves will not be left empty this winter if farmers go on strike over tax changes, a cabinet minister has said.

Louise Haigh, the transport secretary, said the government would be setting out contingency plans to ensure food security is not compromised if farmers decide to protest.

Farmers across England and Wales have expressed anger that farms will no longer get 100% relief on inheritance tax, as laid out in Rachel Reeves’s budget last month.

Welsh campaign group Enough is Enough has called for a national strike among British farmers to stop producing food until the decision to impose inheritance tax on farms is reversed, while others also contemplate industrial action.

At the weekend the group held a protest in Llandudno, North Wales, where Sir Keir Starmer was giving his first speech as prime minister to the Welsh Labour conference.

Politics latest: £3 bus fare cap could be scrapped after December 2025

Asked by Trevor Phillips if she was concerned at the prospect that shelves could be empty of food this winter, Ms Haigh replied: “No, we think we put forward food security really as a priority, and we’ll work with farmers and the supply chain in order to ensure that.

“The Department for Environment, Food and Rural Affairs will be setting out plans for the winter and setting out – as business as usual – contingency plans and ensuring that food security is treated as the priority it deserves to be.”

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From April 2026, farms worth more than £1m will face an inheritance tax rate of 20%, rather than the standard 40% applied to other land and property.

However, farmers – who previously did not have to pay any inheritance tax – argue the change will mean higher food prices, lower food production and having to sell off land to pay.

Louise Haigh appears on Sunday Morning with Trevor Phillips
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Transport Secretary Louise Haigh

Tom Bradshaw, the president of the National Farmers Union, said he had “never seen the united sense of anger that there is in this industry today”.

“I don’t for one moment condone that anyone will stop supplying the supermarkets,” he said.

“We saw during the COVID crisis that those unable to get their food were often either the very most vulnerable, or those that have been working long hours in hospitals and nurses – that is something we do not want to see again.”

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Farmers ‘betrayed’ over tax change

Explaining why the tax changes were so unpopular, he said food production margins were “so low”, and “any liquid cash that’s been available has been reinvested in farm businesses” for the future.

“One of the immediate changes is that farms are going to have to start putting money into their pensions, which many haven’t previously done,” he said.

“They’re going to have to have life insurance policies in case of a sudden death. And unfortunately, that was cash that would previously have been invested in producing the country’s food for the future.”

Sir Keir has staunchly defended the measure, saying it will not affect small farms and is aimed at targeting wealthy landowners who buy up farmland to avoid paying inheritance tax.

However, the Conservatives have argued the changes amount to a “war on farmers” and have begun a campaign targeting the prime minister as a “farmer harmer”.

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‘Farmers’ livelihoods are threatened’

Speaking to Sunday Morning With Trevor Phillips, shadow home secretary Chris Philp said he was happy with farmers protesting against the budget – as long as their methods and tactics were “lawful”.

“What the Labour government has done to farmers is absolutely shocking,” he said.

“These are farmers that, you know, they’re not well off particularly, they’re often actually struggling to make ends meet because farming is not very profitable these days. And of course, we rely on farmers for our food security.

Addressing the possible protests, Mr Philp said: “I think people have a right to protest, and obviously we respect the right to protest within the law, and it’s up to parliament to set where the law sits.

“So I think providing they’re behaving lawfully, legally, then they do have a right to protest.”

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Next week farmers are expected to hold a mass protest of about 20,000 people in Westminster against the inheritance tax changes.

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World

Russia fires more than 200 missiles and drones at Ukraine in largest attack since August

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Russia fires more than 200 missiles and drones at Ukraine in largest attack since August

Several people have been killed after Russia launched its largest aerial attack on Ukraine since August.

More than 200 missiles and drones were deployed, Volodymyr Zelenskyy said, as he condemned a “massive combined strike” on “all regions”.

Andrii Sybiha, Ukraine’s foreign minister, said “peaceful cities” and “sleeping civilians” were targeted.

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Moscow is focused on the “energy infrastructure throughout Ukraine” and is trying to intimidate Ukrainians with “cold and lack of light”, Mr Zelenskyy said.

The president added: “The whole world sees and knows that we are defending ourselves against absolute evil, which does not understand any language but force.

“We need unity [and] the world needs unity. Only together can we stop this evil.”

A firefighter at the site of a Russian drone strike in Mykolaiv in southern Ukraine. Pic: State Emergency Service of Ukraine/Reuters
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A firefighter at the site of a Russian drone strike in Mykolaiv in southern Ukraine. Pic: State Emergency Service of Ukraine/Reuters

Two people were killed and a 17-year-old boy was injured after a Russian attack in the Black Sea port of Odesa, regional governor Oleh Kiper said.

Energy infrastructure was damaged, he said, leading to “interruptions in the supply of heat, water and electricity”.

In Mykolaiv, southern Ukraine, officials said two people were killed in a Russian drone attack.

Ukraine’s state emergency service said a multi-storey building, cars and a shopping centre were hit.

Two women were killed and six injured, including two children, it added.

In the central Dnipro region, two people died and three were wounded in a strike on a rail depot, while in Lviv, on the border with Poland, a woman was killed in a car.

Emergency services remove part of a Russian missile from an apartment building in Kyiv. Pic: Reuters
Image:
Emergency services remove part of a Russian missile from an apartment building in Kyiv. Pic: Reuters

In the capital, Kyiv, mayor Vitali Klitschko said Russian attacks had caused a fire to erupt on the roof of a residential building, injuring at least two people.

People took refuge in metro stations, while emergency services were pictured removing part of a Russian missile from an apartment block.

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The Ukrainian military said it had destroyed 102 missiles and 42 drones launched by Russia.

Hypersonic missiles were among the 120 fired at Ukrainian territory, it said.

Air defences were active in “almost all” regions of Ukraine.

Equipment at thermal power stations has been “seriously damaged” during Russian air strikes, Ukraine’s largest private energy provider said. DTEK said its staff were working on repairs.

People sheltering in a metro station in Kyiv. Pic: Reuters
Image:
People sheltering in a metro station in Kyiv. Pic: Reuters

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Russia’s defence ministry confirmed it had attacked energy resources supporting Ukraine’s military-industrial complex, Russian news agencies reported.

Poland scrambled its air force early on Sunday because of the “massive attack by the Russian Federation using cruise missiles, ballistic missiles and unmanned aerial vehicles”.

Mr Zelenskyy sent his condolences to anyone affected by the latest Russian attacks.

He said “all necessary forces” were involved in restoring power and facilities.

On Tuesday, it will be 1,000 days since Russia launched what it calls its “special military operation”.

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