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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.

WASHINGTON COMMANDERS: HOW DID THEY KEEP THE NEW NAME SECRET FOR SO LONG?

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.

WASHINGTON COMMANDERS ‘ENGAGED IN FINANCIAL IMPROPRIETIES,’ US ATTORNEY'S OFFICE INVESTIGATING: REPORT

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

The BBC’s billion dollar question

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The BBC's billion dollar question

👉Listen to Politics at Sam and Anne’s on your podcast app👈

With US President Donald Trump threatening to sue the BBC, how likely is the broadcaster to pay out? And how have those across the political spectrum been reacting?

And with 15 days until Chancellor Rachel Reeves’s budget, Matthew McGregor – the chief executive of campaign group 38 Degrees and a former digital strategist for both Labour and Barack Obama – takes issue with Sam’s take from yesterday and sends in a voice note.

And Sam and Anne discuss the latest twist in the Your Party saga, and it’s all about money.

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World

At least 12 killed after suicide bombing in Pakistan

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At least 12 killed after suicide bombing in Pakistan

At least 12 people have been killed in a suicide bombing outside the gates of a court in Pakistan’s capital of Islamabad, the country’s interior minister has said.

At least 27 other people were also wounded after the bomber detonated his explosives next to a police car.

Interior minister Mohsin Naqvi said the attacker tried to “enter the court premises but, failing to do so, targeted a police vehicle”.

Mr Naqvi added that authorities are “looking into all aspects” of the attack.

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Pic: Reuters

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No group immediately claimed responsibility for the explosion, but authorities have recently struggled with a resurgent Pakistani Taliban.

The explosion, which was heard from miles away, occurred at a busy time of day when the area outside the court is typically crowded with hundreds of visitors attending hearings.

More than a dozen badly wounded people were screaming for help as ambulances rushed to the scene.

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“People started running in all directions,” said Mohammad Afzal, who claimed he was at the court when he heard the blast.

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Pic: Reuters

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Pic: AP

Pakistani security forces earlier said they foiled an attempt by militants to take cadets hostage at an army-run college overnight, when a suicide car bomber and five other attackers targeted the facility in a northwestern province.

The authorities blamed the Pakistani Taliban, which is separate from but allied with Afghanistan’s Taliban, but the group denied involvement in that attack on Monday evening.

The assault began when a bomber attempted to storm the cadet college in Wana, a city in Khyber Pakhtunkhwa province near the Afghan border.

The area had, until recent years, served as a base for the Pakistani Taliban, al Qaeda and other foreign militants.

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According to local police chief Alamgir Mahsud, two of the militants were quickly killed by troops while three others managed to enter the compound before being cornered in an administrative block.

The army’s commandos were among the forces conducting a clearance operation, and an intermittent exchange of fire went on into Tuesday, Mr Mahsud said.

Pakistani Prime Minister Shehbaz Sharif denounced both attacks and said those responsible must be brought to justice swiftly.

“We will ensure the perpetrators are apprehended and held accountable,” he said.

Mr Sharif described attacks on unarmed civilians as “reprehensible”, adding: “We will not allow the blood of innocent Pakistanis to go to waste.”

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UK

Police release update on Bob Vylan Glastonbury investigation

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Police release update on Bob Vylan Glastonbury investigation

Police say they have interviewed a man over comments made during punk-rap duo Bob Vylan’s set at Glastonbury.

A man in his mid-30s attended a voluntary interview with officers on Monday, Avon and Somerset Police said.

The outspoken punk duo sparked controversy with their performance at Glastonbury in June, when frontman Bobby Vylan led a chant of “death, death to the IDF” on stage.

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Pic: PA

Police said they had consulted the Crown Prosecution Service and received legal advice on the investigation in October.

“It has been important for us to have a full understanding of any legal precedents, which is a complex process, and therefore over the past couple of months we have been seeking early legal advice from the Crown Prosecution Service (CPS),” the force said in a statement.

“Following a review of the advice, a voluntary police interview was arranged to help us progress our enquiries… The matter has been recorded as a public order incident while we continue to investigate and consider all relevant legislation.

“Voluntary police interviews are commonly used in investigations where an individual agrees to attend and an arrest is not considered necessary, for example on the grounds of public safety or for the preservation of evidence. Attendees are interviewed under caution and have the same legal rights as anybody who is arrested.”

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Bob Vylan’s set at Glastonbury was live-streamed by the BBC as part of its coverage of the festival, leading to fierce criticism of the corporation.

The BBC’s Executive Complaints Unit has since found the broadcast breached editorial standards related to harm and offence.

However, the unit’s findings cleared the corporation of breaching its guidelines relating to material that is likely to encourage or incite crime.

Following the performance, the BBC issued an apology to viewers, especially the Jewish community, and promised to take action to “ensure proper accountability”.

It also said it would no longer live broadcast “high risk” performances.

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