Dan Snyder Hires Bank Of America To Potentially Sell Washington Commanders

[MTK]

Byron Allen Set to Bid on NFL’s Washington Commanders

[Giantone]

Originally Posted by MTK

Byron Allen Set to Bid on NFL’s Washington Commanders

As I understand it he had put together a group for the Bronco's and then the Walton's came in. If true he would be the first Majority Black Owner in the NFL.

[Chico23231]

Originally Posted by MTK

Byron Allen Set to Bid on NFL’s Washington Commanders

Terrible comedian, smart business owner. I’d be all for it

[Coff]

Originally Posted by Chico23231

Terrible comedian, smart business owner. I’d be all for it

Can he afford it though? The NFL requires owners to put down 30% for a team. If the team sells for $6B, that means he would need $1.8B in cash. His net worth is estimated at "only" $800M. Even if he cashed out, he still wouldn't be half way there. I can see him being a minority owner, but I seriously question if he can afford to buy this team. He would have to convince an awful lot of people to put down an awful lot of money to just be minority owners.

[MTK]

Originally Posted by Coff

Can he afford it though? The NFL requires owners to put down 30% for a team. If the team sells for $6B, that means he would need $1.8B in cash. His net worth is estimated at "only" $800M. Even if he cashed out, he still wouldn't be half way there. I can see him being a minority owner, but I seriously question if he can afford to buy this team. He would have to convince an awful lot of people to put down an awful lot of money to just be minority owners.

That's what an investment team is for.

[Coff]

Originally Posted by MTK

That's what an investment team is for.

He wasn't able to raise enough to buy the Broncos. Washington would sell for $2B more. Not happening.

[MTK]

Originally Posted by Coff

He wasn't able to raise enough to buy the Broncos. Washington would sell for $2B more. Not happening.

I'm sure he's already been back to the drawing board to bring in more $$. Everyone knows this team is going for top dollar.

[mredskins]

Originally Posted by Coff

He wasn't able to raise enough to buy the Broncos. Washington would sell for $2B more. Not happening.

The price isn't what normally scares investors away its the ROI.

If $5B in DEN only brings me back $6B but $7B in WAS brings me back $10B; I am spending the extra money for more money down the road.

[MTK]

Originally Posted by mredskins

The price isn't what normally scares investors away its the ROI.

If $5B in DEN only brings me back $6B but $7B in WAS brings me back $10B; I am spending the extra money for more money down the road.

Good point, this team is a totally different story than Denver.

This market is a sleeping giant.