Home | WebMail |

      Calgary | Regions | Local Traffic Report | Advertise on Action News | Contact

Posted: 2022-11-06T00:25:06Z | Updated: 2022-11-06T00:25:06Z Jeff Bezos And Jay-Z Reportedly Might Buy The Washington Commanders | HuffPost

Jeff Bezos And Jay-Z Reportedly Might Buy The Washington Commanders

The billionaire businessmen are in talks about the possible joint venture.

Jeff Bezos  and Jay-Z  are both reportedly seeking to purchase an NFL team. 

The Amazon founder and multibillionaire has expressed interest in purchasing the Washington Commanders in a potential joint bid with music industry mogul Jay-Z, Bloomberg and The Washington Post  reported Thursday.

Bezos — who has a net worth of $114 billion — has ties to the area, as he owns the Washington Post newspaper and has a home in the area. 

The deal could be forthcoming as just one day after Bezos’ query was reported, The Wall Street Journal  shared that the co-owners of the team over the past 23 years, Daniel and Tanya Snyder, have hired Bank of America to consider “potential transactions” and explore a sale of the team. 

The Commanders are worth a whopping $5.6 billion, making them the sixth most valuable team in the NFL, according to Forbes

News of the prospective sale comes just months after details emerged about a 2009 sexual assault allegation against Daniel Snyder. 

The potential joint venture isn’t the billionaire businessmen’s first sports-related endeavor. Earlier this year, Bezos launched a streaming partnership with the NFL.

Jay-Z, a former co-owner of the Brooklyn Nets, also represents several NFL athletes under his company, Roc Nation Sports. 

The Grammy-winning rapper — who has a net worth of $1.3 billion — also launched a multiyear partnership with the league in 2019 to produce entertainment for events, including Super Bowl halftime, as well as social justice initiatives to strengthen the community through football and music. 

Earlier this year, the football team announced its new name after 87 years with its former name and two years as the Washington Football Team.  The change came amid backlash over its original name, which has been criticized as offensive to Native Americans.

Our 2024 Coverage Needs You

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.

Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.

to keep our news free for all.

Support HuffPost