According to a Safebettingsites.com report, the team’s majority owner, Dan Snyder, has received over $6 billion in bids for the NFL franchise.
Should the deal proceed, it would be the most expensive sports team sale ever, surpassing the previous record set by Chelsea FC last year ($5.3 billion). Snyder bought the NFL outfit for $800 million in 1999 and could profit more than 650% from the transactions.
Several high-net-worth individuals have expressed their interest in the purchase. Among them is Josh Harris. The billionaire investor with stakes Philadelphia 76ers and the New Jersey Devils is leading a consortium offering $6.05B for the takeover. The reasons behind Snyder’s potential sale are unclear. But some sources suggest that he may be looking to cash out after tumultuous years at the helm. He has faced allegations of workplace misconduct and sexual harassment by former employees, leading to investigations and lawsuits.
In addition, the team’s previous name and logo were widely considered offensive to Native Americans, prompting protests and boycotts. In 2020, the team announced that it would retire its previous name and logo and adopt a new name and branding, which it has done.
