Washington Commanders Owners Daniel Snyder has hired Bank of America to explore the options of selling the team, according to a report in Forbes.
The Forbes article detailing the “potential transactions” appeared on Wednesday. According to a source to Front Office Sports, the “potential transactions” could include the sale of the entire team or the sale of a minority stake.
Team co-owners Dan and Tanya Snyder pose for a photo with former team members during the announcement of the Washington Football Team’s name change to the Washington Commanders at FedExField on February 02, 2022, in Landover, Maryland. (Rob Carr/Getty Images)
The statement claims that the Snyders “remain committed to the team, all of its employees and its countless fans to putting the best product on the field and continuing the work to set the gold standard for workplaces in the NFL.”
Taylor Heinicke, #4 of the Washington Commanders, scans the Green Bay Packers defense before a play during the second half of the game at FedExField on October 23, 2022, in Landover, Maryland. (Scott Taetsch/Getty Images)
The team is currently valued at $5.6 billion, and Dan Snyder owns all of it. A sale of the entire team could fetch a price in the $6 billion range, Front Office Sports reports.
Potential suitors for the team include Amazon CEO, Jeff Bezos.
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