Tue, 06 Jun 2023

Report: Third bidder emerges to buy Commanders

Field Level Media
23 Mar 2023, 03:55 GMT+10

Canadian billionaire Steve Apostolopoulos has emerged as a third potential bidder to purchase the Washington Commanders, ESPN reported Wednesday.

Apostolopoulos has toured the stadium and training facility, per the report.

Apostolopoulos would join Houston Rockets owner Tilman Fertita and a group that consists of New Jersey Devils and Philadelphia 76ers owner Josh Harris, billionaire Mitchell Rales and basketball Hall of Famer Magic Johnson as potential buyers.

Commanders owner Daniel Snyder, long embroiled in several controversies and accusations of an abusive work environment and financial improprieties, is looking to fetch $7 billion in a potential sale of the team, Front Office Sports reported last month.

In August, Forbes valued the Commanders at $5.6 billion, sixth among the NFL's 32 teams. Snyder also owns FedEx Field and the 264-acre property that surrounds it, plus the 150-acre team headquarters in Ashburn, Va.

Amazon founder and Washington Post owner Jeff Bezos reportedly hired an investment firm to explore the possibility of bidding on the Commanders. A subsequent report, however, said Snyder barred Bezos from placing a bid.

Apostolopoulos, born in Toronto, is the founder of Six Ventures Inc., a private equity venture fund.

--Field Level Media

More Canada News

Access More

Sign up for Canada News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!