What is the right price for the sale of Washington Commanders?

It's no more news that the Washington Commanders are up for sale. Daniel Synder, who has owned the team since 1999, announced in November the hiring of Bank of America to consider possible transactions involving the team. Synder has owned the Commanders since 1999 and has decided to find a new owner for the team.

A first round of bids took place in December, and a couple of interested parties put a huge sum on the table to acquire the team. New bidders, including Jeff Bezos, are also on the line considering making an offer for the Commanders. In essence, what could be the right price to acquire the team by any of the bidders?

The Value of the Commanders over the years

Daniel Synder bought the Washington Commanders from John Kent Cooke's estate in 1999 at a price tag of $750 million. The franchise has grown over decades to become the sixth most valuable in the NFL, estimated to be worth $5.6 billion by Forbes. This is a crucial figure in determining what Synder's asking price will be.

The Commanders have grown remarkably in value over the last couple of years. The team was valued at $1.55 billion in 2010, going up to $2.4 billion in 2014 and $3.1 billion in 2018. The team had its biggest year-on-year growth in 2022, when it was valued at $5.6 billion, adding $1.4 billion to its value from the previous year.

Factors that could influence the price

Several factors are expected to influence the eventual price to be paid by the new owner of the capital city team. Several bids were submitted to the Bank of America in the first round, which closed in December, and the figures submitted by those involved are expected to be a benchmark for the potential price.

The contest is becoming more intense with the entrance of new bidders into the process. Amazon founder Jeff Bezos is reportedly considering an offer for the team, an update that will most likely change the entire complexion of the process. A sign of Bezos' potential bid has contributed to a hike in the asking price.

The potential price for the Commanders' acquisition

Notable names have been linked to the potential acquisition of the Commanders. Jeff Bezos, Josh Harris, and Byron Allen have reportedly submitted a bid or are considering making one. The process is expected to be highly competitive, which could affect the price in the long run.

Daniel Synder is reportedly holding out for an asking price of $7 billion, which suggests a $1.4 billion premium on the team's estimated value. With a reported highest bid of $6.3 billion in the first round of bids in December and a potential new offer from Bezos, Synder's asking price might just be about the correct figure for the deal.