Two $6 Billion Bids Officially Submitted For Commanders

According to Adam Schefter, the group headlines by 76ers owner Josh Harris has submitted a formal $6 billion bid to buy the Washington Commanders. 

The offer has been fully financed and meets current Commanders owner Dan Snyder‘s asking price threshold, per Schefter. 

Schefter adds Canadian billionaire Steve Apostolopoulos has also submitted a fully-funded $6 billion bid. 

He adds there’s growing belief a sale of the team could be processed before the NFL Draft at the end of April. 

Harris was deep in talks to buy the Denver Broncos last year but withdrew after it became clear he would be outbid by the Walton-Penner group. 

He co-founded a sports management group that owns the New Jersey Devils as well as the Philadelphia 76ers. Harris’ net worth is somewhere in the range of $6 billion. 

Apostolopoulos made his fortune in Canadian real estate and his net worth is estimated to be in the $4 billion range. Both Harris and Apostolopoulos are leading ownership groups and not putting the full sale price up themselves. 

It’s becoming increasingly clear that Snyder is nearing a sale of the team, even though the news wasn’t formalized at this week’s owners meeting. 

There are a couple of other ownership groups interested in the franchise, with former Amazon CEO Jeff Bezos still lurking as a potential buyer as well. 

We’ll have more on the sale of the Commanders as the news is available.