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6+ billion dollar bid submitted for Washington

DanMetroMan : 1:28 pm
A bid to purchase the Washington Commanders from Dan Snyder by a group that includes former NBA star Magic Johnson and is led by businessman and investor Josh Harris has been officially submitted, a person briefed on the negotiations confirmed to The Athletic on Tuesday.

The bid, according to ESPN’s Adam Schefter, meets Snyder’s $6 billion asking price. That would set a record price paid for a North American sports franchise. The Denver Broncos sold for $4.65 billion last year.- The Athletic
Wow, Sneider will be the 6 Billion Dollar Winner!  
ZogZerg : 1:33 pm : link
.
That seems insane...  
bw in dc : 1:38 pm : link
for that horrible franchise. One of the worst stadiums in the NFL. And an area with very tricky politics to get anything done.
I believe he bought the team  
Blue92 : 1:39 pm : link
for around $250 million back in the day. That's a nifty little return!
RE: I believe he bought the team  
Blue92 : 1:40 pm : link
In comment 16077107 Blue92 said:
Quote:
for around $250 million back in the day. That's a nifty little return!

Oops, he actually paid around $800 million. Mark Cuban bought the Mavs for around $250 million. Still a nice haul for Danny Boy.
Honestly, It hard to find a redskins fan in the area  
ZogZerg : 1:42 pm : link
Snyder ruined the fan base.

It is going to take a lot of work from the new owners to reverse that trend.


RE: That seems insane...  
section125 : 1:42 pm : link
In comment 16077105 bw in dc said:
Quote:
for that horrible franchise. One of the worst stadiums in the NFL. And an area with very tricky politics to get anything done.


It may be horrific, but it is one of the higher priced ones. New ownership will likely increase it's value. I do not find the price out of line at all.
RE: Honestly, It hard to find a redskins fan in the area  
bw in dc : 1:50 pm : link
In comment 16077111 ZogZerg said:
Quote:
Snyder ruined the fan base.

It is going to take a lot of work from the new owners to reverse that trend.



It's a dying fan base for sure.

But they desperately need a new stadium in a much better location. The current location and stadium quality are embarrassing.
So Lamar et al can ask for OR get paid whatever they can,  
Big Blue '56 : 1:53 pm : link
but an Owner (regardless of who) can’t?
As bleh as Metlife stadium is  
at least its not outright shit-tastic.
RE: As bleh as Metlife stadium is  
BlueHurricane : 1:57 pm : link
In comment 16077123 Spiciest Memelord said:
Quote:
at least its not outright shit-tastic.


So.......... At least we got that going for us.
RE: So Lamar et al can ask for OR get paid whatever they can,  
SirLoinOfBeef : 2:05 pm : link
In comment 16077122 Big Blue '56 said:
Quote:
but an Owner (regardless of who) can’t?


I'd rather see Llamr get paid before a scumbag like Synder any day.
RE: RE: Honestly, It hard to find a redskins fan in the area  
FranknWeezer : 2:06 pm : link
In comment 16077118 bw in dc said:
Quote:
In comment 16077111 ZogZerg said:


Quote:


Snyder ruined the fan base.

It is going to take a lot of work from the new owners to reverse that trend.





It's a dying fan base for sure.

But they desperately need a new stadium in a much better location. The current location and stadium quality are embarrassing.


They've got to get rid of that new team name, too.
6bn for a team with a garbage dump of a stadium  
Is absolutely wild.
6 billion dollars for a sports franchise  
ghost718 : 2:22 pm : link
Wouldn't you rather own a country or something like that.

RE: 6 billion dollars for a sports franchise  
In comment 16077150 ghost718 said:
Quote:
Wouldn't you rather own a country or something like that.


Personally I would never want to own a franchise - it's a very public leaning business in which you get harassed constantly by your 'customers' and you endure a ton of media scrutiny which, as Snyder proves, is not always (or even usually) a good thing.

That said, an NFL franchise is basically a license to print money. The Salary cap and collective TV rights deals mean that you will make money no matter what you do, and your franchise will increase in value, no matter what you do. You can be the most incompetent SOB on the planet and still rake in cash annually (again, Snyder is basically exhibit A - he ran the team poorly, created a ton of off the field problems, spent badly in FA, and he's still making $5 billion or more on the sale alone - that doesn't even account for how much he made annually).

There aren't many investments you can make that have a guaranteed return - but the NFL is one of them.
You heard it here first... mark my words...  
A former NBA player and college 4 time final 4 athlete has put in a 7 Billion dollar offer that is being kept quiet. I have an inside source.... he's black and he will be the MAJORITY owner if his bid is accepted.
RE: 6 billion dollars for a sports franchise  
In comment 16077150 ghost718 said:
Quote:
Wouldn't you rather own a country or something like that.

No, I wouldn't. He bought the team for $600 million. Name another investment that pays 10X in 20 years. I'm waiting...
RE: You heard it here first... mark my words...  
Sky King : 2:55 pm : link
In comment 16077163 Wildcardgiants said:
Quote:
A former NBA player and college 4 time final 4 athlete has put in a 7 Billion dollar offer that is being kept quiet. I have an inside source.... he's black and he will be the MAJORITY owner if his bid is accepted.

Not sure if serious, but NO player has ever gone to 4 Final Fours.
RE: RE: Honestly, It hard to find a redskins fan in the area  
ZogZerg : 3:11 pm : link
In comment 16077118 bw in dc said:
Quote:
In comment 16077111 ZogZerg said:


Quote:


Snyder ruined the fan base.

It is going to take a lot of work from the new owners to reverse that trend.





It's a dying fan base for sure.

But they desperately need a new stadium in a much better location. The current location and stadium quality are embarrassing.


Completely Agree. Hopefully the new owners have some money left for a stadium;)
So, what DS has gifted us for much of near quarter of a century,  
Big Blue '56 : 3:12 pm : link
is not worth $6 billion?
If Dan ever sells  
NoPeanutz : 3:16 pm : link
Commies immediately become a threat. As long as he was in the big chair, Washington was completely irrelevant.
RE: RE: Honestly, It hard to find a redskins fan in the area  
rich in DC : 3:26 pm : link
In comment 16077118 bw in dc said:
Quote:
In comment 16077111 ZogZerg said:


Quote:


Snyder ruined the fan base.

It is going to take a lot of work from the new owners to reverse that trend.





It's a dying fan base for sure.

But they desperately need a new stadium in a much better location. The current location and stadium quality are embarrassing.


I’ve heard a number of people say that if Snyder sold the team to an owner willing to break with the Synder policies and direction of the team, that the old RFK Stadium lot downtown has been held for a new Stadium for the team. THAT would revitalize the fan base there, as it’s accessible via Metro, bus, car and even walking.
If the Redskins are worth $6B, what are the Giants worth?  
Bluenatic : 3:29 pm : link
$10B?
RE: RE: 6 billion dollars for a sports franchise  
ghost718 : 3:31 pm : link
In comment 16077165 Wildcardgiants said:
Quote:
No, I wouldn't. He bought the team for $600 million. Name another investment that pays 10X in 20 years. I'm waiting...


While your sitting there waiting,I was wondering if you were ever a member of the Committee For Rational QB Evaluation
RE: RE: You heard it here first... mark my words...  
Mad Mike : 3:33 pm : link
In comment 16077173 Sky King said:
Quote:
Not sure if serious, but NO player has ever gone to 4 Final Fours.

Multiple players have. including Christian Laettner.
RE: Honestly, It hard to find a redskins fan in the area  
Greg from LI : 3:33 pm : link
In comment 16077111 ZogZerg said:
Quote:
Snyder ruined the fan base.

It is going to take a lot of work from the new owners to reverse that trend.



Nah, they're demoralized and beaten down but they're still out there.
RE: RE: RE: Honestly, It hard to find a redskins fan in the area  
RCPhoenix : 3:54 pm : link
In comment 16077213 rich in DC said:
Quote:
In comment 16077118 bw in dc said:


Quote:


In comment 16077111 ZogZerg said:


Quote:


Snyder ruined the fan base.

It is going to take a lot of work from the new owners to reverse that trend.





It's a dying fan base for sure.

But they desperately need a new stadium in a much better location. The current location and stadium quality are embarrassing.



I’ve heard a number of people say that if Snyder sold the team to an owner willing to break with the Synder policies and direction of the team, that the old RFK Stadium lot downtown has been held for a new Stadium for the team. THAT would revitalize the fan base there, as it’s accessible via Metro, bus, car and even walking.


A football stadium in DC would completely change the makeup of the surrounding area for the better. Anyone who doesn't believe me should spend some time around Nationals Park, and not just when the Nationals play.

RE: RE: RE: You heard it here first... mark my words...  
In comment 16077217 Mad Mike said:
Quote:
In comment 16077173 Sky King said:


Quote:


Not sure if serious, but NO player has ever gone to 4 Final Fours.


Multiple players have. including Christian Laettner.


Members of the UCONN Women's team, for instance Breanna Stewart have not only gone to 4 final 4s but also won 4 championships.
RE: RE: Honestly, It hard to find a redskins fan in the area  
pivo : 4:22 pm : link
In comment 16077218 Greg from LI said:
Quote:
In comment 16077111 ZogZerg said:


Quote:


Snyder ruined the fan base.

It is going to take a lot of work from the new owners to reverse that trend.





Nah, they're demoralized and beaten down but they're still out there.


Where have I heard that before…?…oh, wait!
RE: RE: RE: You heard it here first... mark my words...  
Sky King : 5:54 pm : link
In comment 16077217 Mad Mike said:
Quote:
In comment 16077173 Sky King said:


Quote:


Not sure if serious, but NO player has ever gone to 4 Final Fours.


Multiple players have. including Christian Laettner.


My bad. I read the answer as player who won 4 Final Fours as that answer is zero.
Shiv, Roman, and Kendall  
most be the buyers.
RE: Shiv, Roman, and Kendall  
jhibb : 6:54 pm : link
In comment 16077337 Tittle 9 20 64 said:
Quote:
most be the buyers.


Ha! I made the same connection after watching that show last night. At least it would count as an "original idea" to their daddy, I guess.
Not happening. 6 Billion is a reasonable figure, but  
Danny will hold out for something unreasonable. Danny will probably get it, too, or close to it. 6 billion is too low.
RE: RE: RE: Honestly, It hard to find a redskins fan in the area  
thefan : 11:38 pm : link
In comment 16077213 rich in DC said:
Quote:
In comment 16077118 bw in dc said:


Quote:


In comment 16077111 ZogZerg said:


Quote:


Snyder ruined the fan base.

It is going to take a lot of work from the new owners to reverse that trend.





It's a dying fan base for sure.

But they desperately need a new stadium in a much better location. The current location and stadium quality are embarrassing.



I’ve heard a number of people say that if Snyder sold the team to an owner willing to break with the Synder policies and direction of the team, that the old RFK Stadium lot downtown has been held for a new Stadium for the team. THAT would revitalize the fan base there, as it’s accessible via Metro, bus, car and even walking.


You can ride your damn bicycle to that stadium for a lot of areas of city. Was about a 15/20 minute bike ride for me when I lived in DC. We used to ride our bikes to Nats game too, beat the hell out of vehicle and metro traffic.
RE: RE: You heard it here first... mark my words...  
Wildcardgiants : 3/29/2023 8:58 am : link
In comment 16077173 Sky King said:
Quote:
In comment 16077163 Wildcardgiants said:


Quote:


A former NBA player and college 4 time final 4 athlete has put in a 7 Billion dollar offer that is being kept quiet. I have an inside source.... he's black and he will be the MAJORITY owner if his bid is accepted.


Not sure if serious, but NO player has ever gone to 4 Final Fours.


Duke went to FOUR straight Final Fours, and before that Cincinnati went to five. So yes, a handful pf players have gone to 4 straight. And yes, this is serious.
SEVEN billion offer  
Wildcardgiants : 3/29/2023 9:01 am : link
That's the new top bid. You heard it here first.
Duke went to five straight  
Greg from LI : 3/29/2023 9:32 am : link
1988-92
Why so mysterious?  
jhibb : 3/29/2023 10:10 am : link
The rumor has been out there for a couple of days at least that Brian Davis is behind a group of investors putting in a bid.
The question is how credible that bid would actually be.
RE: Why so mysterious?  
Wildcardgiants : 3/29/2023 11:57 am : link
In comment 16077584 jhibb said:
Quote:
The rumor has been out there for a couple of days at least that Brian Davis is behind a group of investors putting in a bid.
The question is how credible that bid would actually be.

It's 100% credible and he has another 2.7 billion. He raised 9.7 billion, all in his own name with his own credit/credibility. He is also buying the 200 acres in northern Virginia that Snyder bought. AND he put a bid in to by Six Flags....
I heard  
Jolly Blue Giant : 3/29/2023 2:27 pm : link
Daniel Schneider unfollowed the Commanders on Instagram.
When did Snyder buy the team?  
Grey Pilgrim : 3/29/2023 3:37 pm : link
Just wondering.
RE: RE: RE: You heard it here first... mark my words...  
Pete in MD : 3/29/2023 3:50 pm : link
In comment 16077542 Wildcardgiants said:
Quote:
In comment 16077173 Sky King said:


Quote:


In comment 16077163 Wildcardgiants said:


Quote:


A former NBA player and college 4 time final 4 athlete has put in a 7 Billion dollar offer that is being kept quiet. I have an inside source.... he's black and he will be the MAJORITY owner if his bid is accepted.


Not sure if serious, but NO player has ever gone to 4 Final Fours.



Duke went to FOUR straight Final Fours, and before that Cincinnati went to five. So yes, a handful pf players have gone to 4 straight. And yes, this is serious.


Greg Koubek?
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