Washington leaders are for sale, but it is said that they are not for sale to anyone.
Billionaire Jeff Bezos has been told by Bank of America, the team’s banker, that he is forbidden to bid for the embattled NFL team, According to The Athletic And New York Post. The ban has reportedly been known for months, but that didn’t stop Bezos from recently hiring an investment firm to explore an attempt.
It seems like the reason why Dan Snyder’s camp has prevented one of the richest men in the world from giving billions of dollars to the team is very personal. According to The Athletic, Snyder believed for years that the Washington Post, which has been owned by Bezos since 2013, was working to oust him.
It was the Post’s gritty reporting that exposed so much rot that pressured Snyder, already one of the NFL’s most unpopular owners, to sell the team.
Given what has been reported on Snyder’s personal trivialities, such as a particular storyline involving milkers and owners of the Washington Nationals, it’s no wonder Snyder would let a grudge get in the way of what appears to be the biggest show possible for his team.
Reportedly, Dan Snyder didn’t get the price he wanted for the leaders
Bezos’ ban aside, the bidding process for the captains isn’t going to go the way Snyder wanted, unless he’s not serious about selling the team he’s owned since 1999 in the first place.
It was initially reported that Snyder was seeking a $7 billion price tag, which could easily break the record $4.56 billion price tag for the Denver Broncos set last year.
First round of bidding, sans bezos, It said It saw a high bid of $6.3 billion, but The Washington Post reported that Snyder fell short of that high, with the highest bid of $5.5 billion arriving before this week’s deadline. The Athletic also reported that all bids were worth less than $6 billion.
Snyder is under no condition to sell at a price he deems low, so he can just lobby with his team and hope the current NFL investigation doesn’t hit him any harder than the previous one.
Once one of the most valuable franchises in sports, Snyder’s ownership has seen the captains drop to sixth in the NFL at $5.6 billion, according to Latest Forbes rating. The team has not won a playoff game since 2005, while attendance at the team’s FedEx Field has become steadily more awkward.
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