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4 minutes ago, SoCalSkins said:

The master has spoken:

 

 

 

No shocker he said he knew it all long and let his record speak for itself.  Heck yesterday he was saying Steven A, still has a decent shot and Frettita, too.

 

 

An investment group led by Josh Harris is on the verge of an agreement to purchase the Washington Commanders from owner Daniel Snyder, according to a person with direct knowledge of the sale process.

Harris’s group is “nearing a deal” but it is “not yet final,” according to that person, adding that an agreement still must be finalized and submitted to the NFL. The group’s bid is for about $6 billion, another person with direct knowledge of the process previously said.

 
 

The deal would have to be ratified by the NFL’s team owners, who are scheduled to meet in Minneapolis in May. If it is approved, the sale would end Snyder’s tempestuous ownership of the franchise he bought in 1999 from the Jack Kent Cooke estate for $800 million.

 

The sale price would be a record for an NFL franchise, surpassing the $4.65 billion a group led by Walmart heir Rob Walton paid last year to purchase the Denver Broncos from the Pat Bowlen Trust.

 

The Harris group declined to comment through a spokesman. The Commanders and the NFL also decline to comment.

Both Harris, the owner of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils, and investor Mitchell Rales, a businessman and philanthropist based in Potomac, Md., have roots in the D.C. area. Former NBA great Earvin “Magic” Johnson is an investor in Harris’s group.

 

Canadian commercial real estate developer and private equity executive Steve Apostolopoulos visited the team’s facilities and submitted a bid for the franchise. Bidders also included Tilman Fertitta, the owner of the NBA’s Houston Rockets. Fertitta said in a televised interview Wednesday with CNBC that he had bid $5.6 billion for the team. On Wednesday, a person familiar with the process said Amazon founder Jeff Bezos, who hired a New York investment firm, to help him evaluate a potential bid, had no plans to submit one.

 

It is not immediately clear whether an issue related to the indemnification of Snyder against future legal liability and costs has been resolved. Three people with direct knowledge of the league’s inner workings and the views of the owners said in February that Snyder was seeking such indemnification from a buyer or from the league and other owners. Snyder had threatened to sue if he wasn’t indemnified, according to those people, who had said the other owners were angered by the demand. They had described the issue as a potential complication to the completion of the sale.

 

The deal must be vetted by the owners on the NFL’s finance committee and then put to a ratification vote by the owners. In the case of the Broncos sale last year, that process took approximately two months, and investors were added to the incoming ownership group even after the initial deal was struck. At least 24 of the 32 owners leaguewide must approve the sale. It is not clear whether the ratification timetable might be accelerated in this case, given the unique circumstances surrounding Snyder and the Commanders.

 

If the sale is approved, Harris and his business partners will face a variety of issues ranging from repairing the franchise’s relationship with its fan base to reviving efforts to secure funding and identify a site in the region for a new stadium to replace FedEx Field in Landover, Md. Many within the NFL and throughout the region Many within the NFL and throughout the region would like to see the team return to the District at the RFK Stadium site.

 

The new owners also would have to address the status of the franchise’s current leadership, including team president Jason Wright and Coach Ron Rivera. Sean Payton, the former Super Bowl-winning coach for the New Orleans Saints whom the Broncos hired in January, said in February that multiple prospective Commanders ownership groups had approached him about his interest in being their coach. He did not identify which groups.

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I think it’s very important we all take a second to remember @SoCalSkinsstance on the new owner being Bezos.

 

He fought, valiantly, to sell his vision.

 

And like all intrepid business folk who dig in very deeply and stand their ground:

 

He failed miserably.

 

You may never live this down with the way you have dug so deep in some poster’s history’s to remember events that occurred 20 years ago, but we still enjoy you and your horrible misses nonetheless.

 

Cheers

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11 minutes ago, samy316 said:

 

I mean, it does suck, hahaha.  You are right though, that now the owner excuse for staying away has no merit.  It will be interesting to see how attendance goes next year.  If the Harris group is able to generate good marketing for the team, and lower concession prices, that will also go a long way towards fans coming back to Fed-Ex.

Yes.....beyond the basics......sightlines and, (somewhat), reasonably clean restrooms, the stadium leaves a lot to be desired.

I don't see them lowering concessions, as the pricing isn't much different than other sporting venues that I've attended*.    They should focus on improving the quality of the food and service, rather than the price. The food and service both suck. If I didn't gorge at the tailgate, I would be pissed at the poor quality food and service.

 

*I was just at a Caps game and a large "premium" beer costs the same as it does at FedEx.   I didn't pay attention to the food prices, as we eat before the game. 

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4 minutes ago, KDawg said:

I think it’s very important we all take a second to remember @SoCalSkinsstance on the new owner being Bezos.

 

He fought, valiantly, to sell his vision.

 

And like all intrepid business folk who dig in very deeply and stand their ground:

 

He failed miserably.

 

You may never live this down with the way you have dug so deep in some poster’s history’s to remember events that occurred 20 years ago, but we still enjoy you and your horrible misses nonetheless.

 

Cheers


I put myself out there and completely failed. I don’t dispute it at all. Some of it was for entertainment value in the off-season some it not. 

 

But I am beyond pumped up today. Zero regrets. No bitterness it’s not Bezos. Time to move forward and upward. It’s a great day.
 

I will try to rebuild my long streak of being right at some point, but unfortunately I can’t be as arrogant as I would like to for probably the next decade! But then again who are we kidding it’s me. I will qualify that I failed on the business ownership debate related to the sale but my otherwise stellar streak of being right remains untarnished! 😂 

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Thank Christ it's Harris and not Fertitta. I was dreading watching another owner run the team into the ground. Harris has had success. And that is really all you can ask for. Game on friends. The most worthless owner in the history of DC sports teams is gone. Oh happy day indeed.

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2 minutes ago, SoCalSkins said:


I put myself out there and completely failed. I don’t dispute it at all. Some of it was for entertainment value in the off-season some it not. 

 

But I am beyond pumped up today. Zero regrets. No bitterness it’s not Bezos. Time to move forward and upward. It’s a great day.
 

I will try to rebuild my long streak of being right at some point, but unfortunately I can’t be as arrogant as I would like to for probably the next decade! But then again who are we kidding it’s me. I will qualify that I failed on the business ownership debate related to the sale but my otherwise stellar streak of being right remains untarnished! 😂 

You can start your new streak by saying who our 1st round pick will be....No way you'll be wrong twice in a row. We're counting on you.

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