Amazon founder Jeff Bezos is reportedly ready to cash in on the Washington Post in a bid to buy the NFL’s Washington Commanders.
The billionaire bought the Washington Post in 2013 for $250 million, but the New York Post is now reporting that Bezos is ‘looking to clear the way’ to take over Commanders from embattled owner Dan Snyder.
In December, it was announced that the deadline for any bids for the Commanders had passed, and the team was expected to be valued in the $5.5 million to $6.5 million range.
A new report claims that Jeff Bezos is preparing to pitch to Washington commanders
Washington Commanders owners Tanya Snyder, left, and Dan Snyder on the field before the Dallas Cowboys’ 25-10 loss to the Washington Commanders at AT&T Stadium on Oct. 2
Snyder, along with his wife and co-CEO Tanya, announced Nov. 2 that they had hired Bank of America Securities to explore potential transactions, but did not specify whether they wanted to sell all or just a portion of the team.
There have been reports that Snyder is closer to $7 million for any sale.
The purchase of Chelsea football club from London in May 2022 by a consortium led by American Todd Boehly for $5.3 billion is the current record holder. The record for the most expensive purchase of an NFL team was also set this year – when the Denver Broncos were purchased for $4.65 billion.
As for Bezos and his ownership of the Washington Post, a leaked video of a town hall meeting of Post employees, which showed a discussion of threatened layoffs, has fueled suspicions that he may quit the paper.
Publisher Fred Ryan is understood to have told staff that layoffs will occur during the first quarter of 2023.
A spokesman for Bezos told the New York Post that the Washington Post is not for sale.
But last week, Front Office Sports reported via sources that Bank of America executives were ‘wooing Bezos’ about the possibility of a takeover.
Bezos, who is valued by Forbes at $124 billion, is the second richest person in the United States.
The Snyders are exploring the possibility of selling the team, to the delight of many fans
The $7 billion price tag for the Commanders breaks the record for the most expensive team purchase
NBC Sports Washington detailed last week that the sale of the team “will soon be complete,” but given that Bezos has yet to make an offer, they added that the Snyders’ “preference” is not to sell to the Amazon founder.
It is claimed that the Washington Post is reporting on Commanders 2020 behind an alleged desire not to sell to Bezos.
Bezos has vast wealth and spending power, so it will be an interesting test for the Snyders if they make a bid for the team, which went 8-8-1 last season.
However, it is much less likely that Bezos would be joined in his bid by Jay Z.
Despite previous reports to the contrary, a source close to the rapper told DailyMail.com last month that Jay Z is not expected to be involved in any purchase.
Bezos has said little in public about the possibility of expanding his empire to own an NFL team, but he said in November that football is his “favorite sport.”
“I grew up in Houston, Texas, and I played football when I was a kid,” Bezos told CNN.
‘It is my favorite sport. So we’ll just have to wait and see.’
The Commanders, who have won three Super Bowls, hoisting the Lombardi Trophy in 1983, 1988 and 1992, are reportedly viewed by potential investors as a dormant giant franchise in a big market.
If Snyder makes a deal to sell the team, the sale would still have to be approved by at least three-quarters of the league’s other owners.
A Washington Commanders fan looks on while holding a ‘Sell the Team’ sign during the second quarter between the Chicago Bears and the Washington Commanders at Soldier Field on October 13, 2022 in Chicago
A potential deal for the Commanders would likely include FedEx Field, though a new stadium remains a goal for the NFL franchise
The league is still investigating Snyder and the Commanders over allegations of sexual abuse and financial malfeasance within the organization.
That investigation is being conducted by Mary Jo White, former chairman of the Securities and Exchange Commission, following previous investigations of the NFL and the House Oversight Committee.
The team has already been fined $10 million by the NFL, and Snyder voluntarily turned over interim control of the Chiefs to Tanya following a major league investigation into hostile workplace and sexual harassment claims.
A more recent, ongoing investigation was launched last spring to confirm subsequent allegations of misconduct, including allegations by former team employee Tiffani Johnston that Snyder grabbed her thigh at a team dinner and forced her into a limo.
Snyder denied this allegation.
Former Commanders employee Tiffani Johnston told the Congressional Oversight Committee that Snyder once groped her thigh during a team dinner and pushed her toward his sedan with his hand on her lower back. Snyder has denied the allegations
Commanders had created a ‘toxic work culture’ for more than two decades, according to the Committee’s report, which claimed the team had ignored sexual misconduct by high-ranking people within the organisation.
Snyder was directly involved in misconduct, the board alleged, saying he inappropriately touched a former employee at a dinner party and once requested a staff-produced video ‘with sexually suggestive footage of cheerleaders.’ Snyder previously denied the claims.
He allegedly became involved in NFL and Board investigations stemming from 2020 allegations of rampant sexual harassment by an executive, according to the report. Specifically, Snyder is accused of offering money to witnesses to remain silent, intimidating others with the help of private investigators, ‘blocking the production of documents’ and refusing to release former employees from non-disclosure agreements.
While the firm of prominent Washington DC attorney Beth Wilkinson led the NFL’s initial investigation in 2020, Snyder also conducted his own ‘shadow investigation’, portraying ‘him as the victim of a smear campaign’.
The shadow investigation was conducted in part to ‘deflect accountability for the team’s toxic work culture,’ according to the congressional report.
And when he testified before the committee, according to the report, Snyder was evasive and misleading, claiming more than 100 times that he did not remember certain details.
“For example, although Mr. Snyder admitted to using private investigators, he testified that he ‘didn’t know’ who his investigators had contacted and that he did not ‘remember’ talking to his attorney about the individuals targeted,” read the report. .
Redskins cheerleaders seen dancing as part of an event in 2004, where Tiffany Bacon Scourby claims Snyder suggested she spend some time with his close friend in a nearby hotel room
Fired Commanders President Bruce Allen testified that Snyder planned to use private investigators to monitor himself and NFL Commissioner Roger Goodell
Releasing their findings before Republicans take over Congress next month, House Democrats also accused Snyder or his staff of releasing a racially offensive, years-old email from former Las Vegas Raiders head coach Jon Gruden, who has since been fired by the team. last season.
In the emails, which in some cases were sent more than a decade ago, Gruden said African-American players’ union CEO DeMaurice Smith has “lips the size of Michelin tires” and also called NFL commissioner Roger Goodell a “fuck.” **.’
According to congressional testimony from former Commanders team president Bruce Allen, the recipient of the emails, Snyder leaked in late 2021 to ‘send a message’ to Allen, one of his perceived enemies.
“According to Mr. Allen, Mr. Snyder’s actions signaled that he was ‘possessing me with these emails, affecting my co-workers, former students, my family and friends,'” reads an excerpt from the 79-page report released Thursday.
When Allen asked a member of the NFL’s legal team why the league leaked the email to the Wall Street Journal, the lawyer reportedly told the former Commanders president, ‘We didn’t do it in the league office. It came from the [team] side.’
Snyder privately settled that sexual-harassment charge in 2009 for $1.6 million after an incident on his private plane, the Washington Post reported in 2020. The woman, a former team employee, claims Snyder asked her for sex, groped her and tried to undress her clothes while the couple was on the team plane returning from Las Vegas.
Jeff Bezos owns about 9.7% of all Amazon shares, totaling about 992 million shares after the 20-for-1 stock split in 2022.
Does Jeff Bezos own Amazon now?
Amazon Empire Jeff Bezos’ ownership of Amazon makes him the richest person in the world. This may interest you : Vikings Eagles Football | National Sports | heraldchronicle.com. What is that? Amazon itself is an empire that owns many affiliates! Amazon is a consumer e-commerce platform with a diverse business model spanning e-commerce, cloud, advertising, streaming and more.
Does Jeff Bezos still own Amazon stock? It usually announces public donations after the transfer of shares. Bezos still owns roughly 10% of Amazon’s stock, which is worth $90 billion. Since stepping down as CEO of Amazon last year, Bezos has stepped up his charitable giving.
How much Amazon does Jeff Bezos own in 2022? Amazon made Bezos a billionaire Today, the company has a market capitalization of $914.6 billion, according to the Nasdaq stock exchange. That’s a drop of more than $500 million in 11 months. Bezos currently owns just under 10% of Amazon’s outstanding shares, according to Forbes.
Who owns the most in Amazon?
What percentage of Amazon does Jeff Bezos own? Net Worth Summary Bezos owns about 10% of Amazon, the world’s largest online retailer, according to the company’s 2022 proxy statement. See the article : Cheerleaders and Dance Team – Pitt Panthers #H2P.
Who currently owns Amazon? Jeff Bezos is the founder and current CEO of Amazon, the world’s largest online retailer. Bezos has been involved with Amazon since its inception in 1994 and currently owns a 10% stake in the company.
Who owns the most shares of Amazon stock?
|Bracket||Stock||date of application|
|Morgan Stanley||120,416,818||September 29, 2022|
|Capital Research Global Investors||105,050,354||September 29, 2022|
|JP Morgan Chase & Company||100,509,386||September 29, 2022|
|Northern Trust Corporation||94,521,651||September 29, 2022|
What percentage of shares does Jeff Bezos own in Amazon? With 64,588,418 shares, Jeff Bezos is the largest individual investor. Owner of 12.7% of the company. Other top individual investors include Amazon CEO Andy Jessy with 94,729 shares. To see also : Alumna of UC, the Ben-Gals cheerleader is ready to launch her nursing career. Major institutional investors include mutual funds such as The Vanguard Group (6.6% ownership) and BlackRock (5.7% ownership).
Does Warren Buffett own Amazon stock? Warren Buffett’s Berkshire Hathaway already owns a $1.2 billion stake in Amazon that was purchased in 2019.