Media mogul Byron Allen, proprietor of Allen Media Group, is contemplating bidding for the Washington Commanders NFL franchise, according to Bloomberg,
Allen—who, relying on the supply is price between $500-800 million—is working with an investor group, based on confidential sources. If it occurs, it could be the second time this yr he thought of buying an NFL group after an identical consideration in February to bid for the Denver Broncos, who had been ultimately acquired for $4.65 billion by an investor group headed by the Walton household, house owners of Wal-Mart.
If it went by way of, Allen could be the primary black proprietor of an NFL franchise and will alleviate some considerations over the shortage of range within the sports activities’ ranks. Along with AMG’s 27 TV stations, Allen’s Leisure Studios conglomerate additionally owns cable properties together with The Climate Channel and has joint possession of 21 regional sports activities networks with Sinclair Broadcast Group.
The information got here the identical day present Washington Commanders proprietor Dan Snyder—who’s being investigated by Congress for sexual harassment allegations within the group—introduced, alongside together with his spouse Tanya, that they’d employed Financial institution of America to steer a potential sale of the franchise.
The sale must be accepted by the three quarters (24 of 32 groups) by the complete membership, an NFL spokesman stated Wednesday.
Different potential house owners’ names that surfaced Wednesday embrace Dallas Mavericks’ proprietor Mark Cuban and former AOL govt Ted Leonsis, who already owns the Washington Wizards NBA, Washington Capitols NHL and Washington Mystics WNBA groups.
