The sale of the Washington Commanders will likely go down as one of the most celebrated acquisitions in NFL history. The team has been marred in controversy ever since owner Dan Snyder took over in 1999.
The team based out of the capital cost Snyder $800 million to acquire back then. More than two decades later, he is finally looking to cash in.
Apart from the myriad of controversies the team finds itself in, they are also in the process of being taken over by new ownership. A bid worth $6.05B was placed by Josh Harris and his investors to finalize the purchase. But according to a report by NFL insider Darren M. Haynes, a different party is ready to launch a $7 billion bid in cash to swoop in and steal the deal.
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The report claims that the $7 billion bid has been made by DC native Brian Davis, who has a reported net worth of over $50 billion. It also states that Davis is willing to indemnify Snyder as part of his offer.
While the Commanders declined to comment on the matter, fans got buzzing and weighed in on the development.
One fan was left thoroughly confused by the new bid placed.
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One Twitter user pointed out how $7 billion still wouldn't cut the deal and will have to work on investing in a new stadium given the pitiful state of FedEx Field.
Another fan couldn't help but joke about placing an $8 billion bid themselves.
As things stand, Snyder and the Commanders are yet to accept any official bid. But with the prospect of a bidding war looming, it could only be a matter of time before the NFL says goodbye to Snyder.
Is Magic Johnson involved in the Commanders ownership bid?
If Josh Harris' consortium manages to seal the deal, then former LA Lakers star Magic Johnson will soon be an NFL franchise owner. The NBA legend is currently an entrepreneur reported to be worth over $600 million.
Having already invested in three other sports leagues, this would be Johnson's biggest grab yet. How much of his own fortune is being used to fund the deal is unknown, but one can be sure to expect him to be an active face of the Commanders if and when the sale is completed.