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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.

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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World

North Korea’s opened its doors to Russian tourists. So… how was their holiday?

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North Korea's opened its doors to Russian tourists. So... how was their holiday?

The world’s most secretive state is a mystery for billions of people – but not Anastasiya Samsonova.

She has returned from a week’s holiday in North Korea.

“We saw nothing terrible there, there is no danger there,” the 33-year-old HR manager tells me.

“Frankly speaking, we really liked it.”

She was part of a group of 15 Russian tourists who were the first foreign visitors to a new seaside resort, which was opened to great fanfare by North Korea’s leader Kim Jong Un in June.

Her holiday snaps show a white sand beach, shimmering seas and high-rise hotels. But something’s missing – people.

Russian tourist Anastasiya Samsonova at the Wonsan-Kalma beach resort in North Korea. Pic: Anastasiya Samsonova
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Anastasiya Samsonova at the Wonsan-Kalma beach resort in North Korea. Pic: Anastasiya Samsonova

There are rows of sun loungers, but not a soul sitting on them. A glittering banquet hall that’s devoid of diners.

That’s because, when it comes to international tourists, the Wonsan-Kalma resort is currently only open to Russians.

“The hotel was absolutely new,” Anastasiya enthuses, unfussed by the absence of others.

“Everything was done very beautifully, a good interior … very developed infrastructure.”

Russian tourist Anastasiya Samsonova enjoying a meal on a train in North Korea. Pic: Anastasiya Samsonova
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Pic: Anastasiya Samsonova

But why not Turkey? Or Thailand?

I gently suggest that people in Britain might be shocked at the idea of a summer break in a country better known for famines and forced labour than parasols and pina coladas.

“We were interested in seeing how people live there,” Anastasiya explains.

“There were a lot of prejudices about what you can and can’t do in North Korea, how you can behave. But actually, we felt absolutely free.”

Russian tourist Anastasiya Samsonova reading a North Korean newspaper. Pic: Anastasiya Samsonova
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Pic: Anastasiya Samsonova

Anastasiya is one of a growing number of Russians who are choosing to visit their reclusive neighbour as the two allies continue to forge closer ties following the Kremlin’s invasion of Ukraine.

Last year, North Korean troops supplied military support in Russia’s Kursk region, and now there is economic cooperation too.

North Korean produce, including apples and beer, has started appearing on supermarket shelves in Russia’s far east.

And last month, Moscow launched direct passenger flights to Pyongyang for the first time in decades.

North Korean apples on sale in Russia. Pic: Danil Biryukov / DVHAB.RU
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Pic: Danil Biryukov / DVHAB.RU

But can this hermit nation really become a holiday hotspot?

The Moscow office of the Vostok Intur travel agency believes so. The company runs twice-weekly tours there, and I’m being given the hard sell.

“North Korea is an amazing country, unlike any other in the world,” director Irina Kobeleva gushes, before listing some unusual highlights.

“It is a country where you will not see any advertising on the streets. And it is very clean – even the asphalt is washed.”

She shows me the brochures, which present a glossy paradise. There are images of towering monuments, pristine golf greens and immaculate ski slopes. But again, no people.

Irina Kobeleva, director of Vostok Intur travel's Moscow office
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‘There is a huge growing demand among young people,’ Irina Kobeleva says

Ms Kobeleva insists the company’s tours are increasingly popular, with 400 bookings a month.

“Our tourists are mostly older people who want to return to the USSR,” she says, “because there is a feeling that the real North Korea is very similar to what was once in the Soviet Union.

“But at the same time, there is a huge growing demand among young people.”

Sure enough, while we’re chatting, two customers walk in to book trips. The first is Pavel, a young blogger who likes to “collect” countries. North Korea will be number 89.

“The country has opened its doors to us, so I’m taking this chance,” he tells me when I ask why he wants to go.

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For pensioner Tatiana, the reason is sentimental.

“My husband wanted to go there, but now he’s gone. So I want his wish to come true,” she says.

It’ll certainly cost them. One week’s trip that takes in Pyongyang, a circus and the new beach resort, costs roughly £1,500 without flights.

At that price, I suspect most tourists will be content for this secretive state to remain hidden.

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Business

Tech companies are racing to make their products smaller – and much, much thinner

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Tech companies are racing to make their products smaller - and much, much thinner

Some of the world’s leading tech companies are betting big on very small innovations.

Last week, Samsung released its Galaxy Z Fold 7 which – when open – has a thickness of just 4.2mm, one of the slimmest folding phones ever to hit the market.

And Honor, a spin-off from Chinese smartphone company Huawei, will soon ship its latest foldable – the slimmest in the world. Its new Honor Magic V5 model is only 8.8mm thick when folded, and a mere 4.1mm when open.

Apple is also expected to release a foldable in the second half of next year, according to a note by analysts at JPMorgan published this week.

The race to miniaturise technology is speeding up, the ultimate prize being the next evolution in consumer devices.

Whether it be wearable devices, such as smartglasses, watches, rings or foldables – there is enormous market potential for any manufacturer that can make its products small enough.

Despite being thinner than its predecessor, Honor claims its Magic V5 also offers significant improvements to battery life, processing power, and camera capabilities.

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Hope Cao, a product expert at Honor told Sky News the progress was “due largely to our silicon carbon battery technology”. These batteries are a next-generation breakthrough that offers higher energy density compared to traditional lithium-ion batteries, and are becoming more common in consumer devices.

Pic: Honor
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The Magic V5. Pic: Honor

Honor also told Sky News it had used its own AI model “to precisely test and find the optimum design, which was both the slimmest, as well as, the most durable.”

However, research and development into miniaturisation goes well beyond just folding phones.

A company that’s been at the forefront of developing augmented reality (AR) glasses, Xreal, was one of the first to release a viable pair to the consumer market.

Xreal’s Ralph Jodice told Sky News “one of our biggest engineering challenges is shrinking powerful augmented reality technology into a form factor that looks and feels like everyday sunglasses”.

Xreal’s specs can display images on the lenses like something out of a sci-fi movie – allowing the wearer to connect most USB-C compatible devices such as phones, laptops and handheld consoles to an IMAX-sized screen anywhere they go.

Pic: Xreal
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Pic: Xreal

Experts at The Metaverse Society suggest prices of these wearable devices could be lowered by shifting the burden of computing from the headset to a mobile phone or computer, whose battery and processor would power the glasses via a cable.

However, despite the daunting challenge, companies are doubling down on research and making leaps in the area.

Social media giant Meta is also vying for dominance in the miniature market.

Ray-Ban Meta AI glasses are shown off at the annual British Educational Training and Technology conference. Pic: PA
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Ray-Ban Meta AI glasses are shown off at the annual British Educational Training and Technology conference. Pic: PA

Meta’s Ray-Ban sunglasses (to which they recently added an Oakley range), cannot project images on the lenses like the pair from Xreal – instead they can capture photos, footage and sound. When connected to a smartphone they can even use your phone’s 5G connection to ask Meta’s AI what you’re looking at, and ask how to save a particular type of houseplant for example.

Gareth Sutcliffe, a tech and media analyst at Enders Analysis, tells Sky News wearables “are a green field opportunity for Meta and Google” to capture a market of “hundreds of millions of users if these devices sell at similar rates to mobile phones”.

Li-Chen Miller, Meta’s vice president of product and wearables, recently said: “You’d be hard-pressed to find a more interesting engineering problem in the company than the one that’s at the intersection of these two dynamics, building glasses [with onboard technology] that people are comfortable wearing on their faces for extended periods of time … and willing to wear them around friends, family, and others nearby.”

Mr Sutcliffe points out that “Meta’s R&D spend on wearables looks extraordinary in the context of limited sales now, but should the category explode in popularity, it will be seen as a great strategic bet.”

Facebook founder Mark Zuckerberg’s long-term aim is to combine the abilities of both Xreal and the Ray-Bans into a fully functioning pair of smartglasses, capable of capturing content, as well as display graphics onscreen.

However, despite recently showcasing a prototype model, the company was at pains to point out that it was still far from ready for the consumer market.

This race is a marathon not a sprint – or as Sutcliffe tells Sky News “a decade-long slog” – but 17 years after the release of the first iPhone, people are beginning to wonder what will replace it – and it could well be a pair of glasses.

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UK

‘This shouldn’t have happened’: Bishop who interrupted church choir in dressing gown apologises

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'This shouldn't have happened': Bishop who interrupted church choir in dressing gown apologises

A bishop who interrupted a church concert in his dressing gown – and told singers to “leave his house” – has formally apologised to the choir.

Jonathan Baker was filmed standing barefoot at a microphone as he criticised performers for making a “terrible racket” at St Andrew’s Church in central London.

Addressing the City Academy Voices choir directly, the bishop of Fulham said: “I write to apologise for the distress and offence I caused in bringing the concert to a premature end.

“This should not have happened … I also apologise for remarks which were made in haste, and which have understandably caused hurt and distress.”

The bishop, in his dressing gown, gave the choir a dressing down
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The bishop, in his dressing gown, gave the choir a dressing down

Mr Baker had demanded for the performance to stop because it was 10pm – and says he didn’t realise the choir had booked the church until 11pm.

In the statement obtained by Sky News, he added: “I have lived here on site at St Andrew’s for 10 years, for much of which City Academy has rehearsed and performed here.

“You have been, and continue to be, welcome – and I hope that you will be able to continue the relationship with us.

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“I can give you every assurance that the events of Friday evening will not recur, and I apologise again to performers (especially those unable to perform at the end of the evening) and the audience alike.”

The choir performed their last song
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The choir performed their last song

The choir was performing to a 300-strong audience in Holborn when the lights were suddenly turned off, with Mr Baker declaring the concert was “over”.

A church employee then asked the crowd to leave quietly and for the musicians to step down from the stage, attracting boos from the audience.

The choir went on to perform one last song, an A cappella version of ABBA’s Dancing Queen, before bringing their show to a close.

Read more from Sky News:
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Bishop
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Jonathan Baker has apologised

One member of the audience, who was attending with his 10-year-old daughter, told Sky News he initially thought the interruption was a staged joke.

Benedict Collins had told Sky News: “This work deserves respect, not to be disparaged as a ‘terrible racket’. The people here had put their heart and soul into it.

“The bishop cut them off in midstream, preventing soloists who had worked their hardest from singing – and preventing the audience, which included people of all ages, from enjoying it to the end.”

The choir told Sky News it was “upsetting” that they were unable to finish their show as planned, but “hold no hard feelings and wish the bishop well”.

A spokesperson added: “If anyone is thinking of joining one of our choirs, the City Academy Voices rehearse on Mondays in central London. Dressing gowns optional.”

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