JAY-Z is reportedly among those interested in buying the Washington Commanders amid the Snyder family’s potential upcoming sale of the NFL franchise.
Hov is seeking to become the first black owner in NFL history. According to TMZ, JAY-Z has thrown his hat in the ring as a potential buyer of the Washington Commanders. He is even reportedly entertaining a joint bid for the franchise with Amazon CEO Jeff Bezos, who is also said to be a great player upon purchase of the team.
The Roc Nation mogul is worth about $1.3 billion, as of Forbesso he would most likely need an investment team to pull off the ownership transaction since Commanders is reportedly worth $5.6 billion.
There may also be some conflicts of interest for both Hov and Bezos Jay partnered with the NFL in 2019 as a live entertainment strategist, where he produces the Super Bowl halftime show, and Bezos’ Amazon bought the streaming rights to Thursday Night Football starting this season.
JAY-Z was actually forced to sell his stake in the Brooklyn Nets after launching his Roc Nation Sports agency in 2013.
Washington Commanders owner Daniel Snyder shocked the NFL community when he and his wife Tanya Snyder confirmed on Wednesday (Nov. 2) that they have hired Bank Of America Securities to help with a potential sale.
“Dan and Tanya Snyder and Washington Commanders announced today that they have hired BofA Securities to consider potential transactions,” a statement read.
“Snyders remains committed to the team, all of its employees and its countless fans to put the best product on the field and continue working to set the gold standard for workplaces in the NFL.”
Both Jay and Jeff Bezos were reportedly interested in buying the Denver Broncos before the franchise was sold to the Walton-Penner Group in June for a record $4.65 billion — the largest team sale in American sports history.