Dan Snyder and his crew have lined up a blockbuster offering.
Amazon founder Jeff Bezos and hip-hop mogul Jay-Z’s partnership will make a public joint bid to buy the group in January, sources familiar with the matter said.
According to TMZ, the couple’s interest first came out on Thursday Their ability to come together for the deal. Just one day earlier, Snyder He took a big step towards selling His commanders were reluctant to hire Bank of America Securities to help him “consider potential transactions.” The team is “exploring all options,” he told The Associated Press.
A representative for Bezos was not available for comment.
Bezos and Jay-Z are longtime friends, and Jay-Z spent September on Bezos’ yacht.
Jay-Z famously sang that he could “sell water to a whale.” Forbes reports that Bezos will require this ability to sell his bid to both Snyder and the NFL.
Snyder has been As an owner, he was embroiled in endless controversies. – Including alleged sexual misconduct, toxic workplace and relationships with other owners. His decision to sell the team is an about-face in comments he made during his recent ownership tenure. It reflects his 180 regarding the team’s name, refusing to change from the Redskins for the first time before doing that in 2020.
Snyder has owned the team since 1999, when he bought it for $800 million. Forbes currently values the team at $5.6 billion, breaking the record for the most valuable NFL team. The Broncos’ $4.65 billion in sales over the summer currently holds the mark.
Bezos, the world’s fourth-richest person with an estimated net worth of $114 billion, already owns the Washington Post domestically. Besides, he’s already starting to expand into the NFL. Amazon Prime Video is in its first season exclusively airing “Thursday Night Football,” which secured an 11-year, $11 billion deal. He shelled out Al Michaels and Kirk Herbstreit for the broadcast.
Winning 24 Grammy Awards for his legendary music career, Jay-Z founded Rock Nation, a full-service entertainment company representing athletes and artists. With an estimated net worth of $1.3 billion, Jay-Z has been partnering with the NFL in entertainment and social initiatives since 2019. Notably, Jay-Z became the first hip-hop artist to become a billionaire.